ADM Nutrition Holding
Joint-stock company
IndustryHolding
Foundation8 November 2001
Defunct12 December 2022 (age 3)
Location cityBulevar Mihajla Pupina 115, Belgrade
Location countrySerbia
Area servedSerbia
Key peopleJake McCammack (Director)
Emmanuel Ayuk (Director)
Revenue€166.68 million (2020)[1]
Net income(€0.91 million) (2020)[1]
Assets€212.39 million (2020)[2]
Equity€57.43 million (2020)[2]
OwnerArcher-Daniels-Midland Europe (100%)
(as of December 2021)
Num employees997 (2020)
SubsidSubsidiaries
Homepagewww.victoriagroup.rs

ADM Nutrition Holding, formerly known as Victoria Group (Sr-cyr: Викторија Група), was a Serbian holding company with the headquarters in Belgrade, Serbia. It was a majority owner by Netherlands-based ADM Europe. The company had a total of 15 companies within its holding, which performs a variety of services, mainly agribusiness and wholesale.

History

ADM Nutrition Holding was founded on 8 November 2001 in Belgrade, FR Yugoslavia, under name Victoria Group, by Serbian businessmen Stanko Popović, Milija Babović and Zoran Mitrović.[3]

Since 2015, ADM Nutrition Holding began accumulating debt, finishing 2015 and 2016 calendar year, with total net loss in range of 50 million euros.[4] In November 2017, company's management confirmed media reports that it is seeking strategic partnership with investors due to capital loss over last years and over-indebtedness of the company.[5]

In July 2018, it was announced that Serbian holding company MK Group has bought the majority of shares of then-indebted Victoria Group.[6][7]

On November 22, 2021, MK Group, together with Milija Babović and Apsara limited, sold 100% of shares to ADM Europe for undisclosed amount.[8]

Market and financial data

ADM Nutrition Holding was ranked as the third net exporter company of Serbia and first in food-processing sector for the calendar year of 2015, mainly though its subsidiary companies Sojaprotein and Victoriaoil.[9]

Subsidiaries

This is a list of subsidiary companies of former Victoria Group (as of 27 January 2018):[10]

  • Victoria Logistic d.o.o.
  • Victoriaoil a.d.
  • Sojaprotein a.d.
  • SP Laboratorija a.d.
  • Fertil d.o.o.
  • Luka Bačka Palanka d.o.o.
  • Veterinarski zavod a.d. Subotica
  • Victoria Phosphate d.o.o.
  • Vobex Intersoja
  • Victoria Food d.o.o.
  • Activex d.o.o.
  • Živinarstvo promet d.o.o.
  • Victoria Starch d.o.o.
  • Ribotex d.o.o.
  • Agrofamily d.o.o.

See also

References

  1. ^ "КОНСОЛИДОВАНИ БИЛАНС УСПЕХА (2020) - Victoria Group" (in Serbian). apr.gov.rs. Retrieved 1 December 2021.
  2. ^ "КОНСОЛИДОВАНИ БИЛАНС СТАЊА (2020) - Victoria Group" (in Serbian). apr.gov.rs. Retrieved 1 December 2021.
  3. ^ "Victoria Group A.D. Beograd Company Profile - Serbia | Financials & Key Executives | EMIS". www.emis.com. Retrieved 2023-01-21.
  4. ^ "Veliki sistemi nastavili da dobro zarađuju" (in Serbian). novosti.rs. 21 December 2017. Retrieved 27 January 2018.
  5. ^ "Viktorija grupa razmatra ponude za strateška partnerstva" (in Serbian). beta.rs. Beta. 23 November 2017. Retrieved 27 January 2018.
  6. ^ Subin, J. & Stojaković, D. (9 July 2018). "Kostić kupio "Viktorija grupu"!" (in Serbian). novosti.rs. Retrieved 9 July 2018.
  7. ^ "Kostić kupio Viktorija grupu" (in Serbian). b92.net. 9 July 2018. Retrieved 9 July 2018.
  8. ^ "Komisija odobrila prodaju" (in Serbian). b92.net. Tanjug. 22 November 2021. Retrieved 1 December 2021.
  9. ^ "Viktorija grupa sa svojim kompanijama "Sojaprotein" i "Viktorijaoil" treći neto izvoznik Srbije" (in Serbian). blic.rs. 4 December 2016. Retrieved 27 January 2018.
  10. ^ "O NAMA" (in Serbian). victoriagroup.rs. 15 November 2012. Retrieved 27 January 2018.