MK Group

MK Group (Serbian Cyrillic: МК Група) is a Serbian holding company which operates in the agriculture, banking, and tourism sector. The company was established 4 decades ago and has since expanded its business operations across South East Europe with a special focus on 4 countries in the region: Serbia, Slovenia, Croatia and Montenegro.

MK Group
Native name
МК Група
Typed.o.o.
IndustryHolding
Founded4 January 1995 (1995-01-04)
Headquarters
Bulevar Mihajla Pupina 115 e, Belgrade
,
Serbia
Area served
Worldwide
Key people
Jovan Purar (Director)
Dušan Radičević (Director)
Miodrag Kostić (Founder and CEO)
Revenue €380.11 million (2019)[1]
€19.10 million (2019)[1]
Total assets €775.74 million (2019)[2]
Total equity €378.18 million (2019)[2]
OwnerWheat Corn Holding (100%)
Number of employees
2,365 (2019)
Websitewww.mkgroup.rs
Footnotes / references
Business ID: 08179107
Tax ID: 101696756 [3]

History
MK Group former logo

In 1983, Serbian economist and businessman Miodrag Kostić began a private business, initially as an owner of a private company for trade, import-export and manufacturing activities.[4] MK Group now operates in several countries: Serbia, Slovenia, Croatia and Montenegro.

Divisions

Agribusiness

Since 2000, MK Group has managed sugar industry factories (factories Pećinci, Vrbas, Kovačica), more than 10 agribusiness enterprises, trade and warehouse complexes ("Granex-port", "Žito Bačka").

Sunoko, a subsidiary of MK Group, is one of the leading companies in sugar production both in Serbia and the region. In 2011, MK Group took over "Carnex" company (established in 1958), which produces meat and meat products.[4] In December 2015, MK Group took over PIK-Bečej for a sum of 45.5 million euros.[5]

One of the most notable subsidiary companies are Carnex Vrbas (meat industry), Sunoko (sugar industry), Agroglobe (fertilizing and wholesale of agriculture products), PIK-Bečej (agribusiness) and others.[6] Most of its agribusiness is concentrated on the production and wholesale of the cereals - corn, wheat, sunflower and soybeans. As of January 2016, MK Group manages around 29,000 hectares of agriculture land (around 290 square kilometers) in Serbia, of which it owns around 19,000 hectares.

From 2006 to 2017, it operated in Ukraine through Agro-Invest Ukraine, agribusiness company specialized in sunflower production and wholesale.[7] As of January 2016, Agro-Invest Ukraine managed nearly 30,000 hectares of agriculture land (around 300 square kilometers) in Ukraine.[8] In May 2017, Kernel Holding bought majority of its shares.

In June 2020, MK Group completed the process of acquisition of 67% of the shares of Victoria Group. With the integration of Victoria Group member companies, Sojaprotein, Victoria Oil, Victoria Logistic, Luka Bačka Palanka and VZS Stočna hrana, MK Group has acquired the status of majority owner, while the previous shareholders Mr. Milija Babovic and Apsara Limited have remained minority owners. [9][10]

Banking

MK Group, through its subsidiary company MK Commerce, founded BDD M&V Investments brokerage firm which operates on the Belgrade Stock Exchange. However, BDD M&V Investments with its subsidiaries is not a part of the holding. M&V Investments controls a large ownership share of AIK Banka (since 2014),[11] which later acquired and integrated another Serbian bank Jubanka in 2017.[12] As of 31 December 2017, AIK banka has total assets of 1.767 billion euros.

Also, as of December 2017, AIK Banka is a majority shareholder with 75.99% of the Slovenian bank Gorenjska banka.[13][14] As of December 2017, Gorenjska banka controls 4.7% of Slovenian banking market share. In June 2019, AIK Banka fully took over the ownership of Gorenjska banka and thus successfully completed the takeover process in Slovenia.

Energy

Apart from real estate, MK Group has invested in developing renewable energy sources, whereby MK Fintel Wind,[15] established in 2007, is one of the first companies in Serbia that have started green energy production using the wind-powered generators and solar panels.

Real estate

MK Group also manages several real estate properties through its subsidiaries like "MK Mountain Resort".

In December 2008, MK Group bought from "Internacional CG" the Kopaonik-based hotels "Grand" and "Sunčani vrhovi" and other real estate properties for a sum of 23 million euros.[16]

Under auspices of "MK Mountain Resort" are the hotels "Grand" and "Angella" as well as the apartment complex "Konaci" and "Sunčani vrhovi" (all located on the Mountain Kopaonik). Hotel "Grand" is a home venue for the Serbian annual business conference Kopaonik Business Forum. Also, "Kempinski Palace" hotel in Portorož is operated by the MK Group. MK Group cooperates with world's famous hotel group Kempinski, and has invested in several real estate properties in Serbia and region. It also cooperates with another hotel group Sheraton Hotels and Resorts, and has invested in hotel located in Novi Sad.[17]

In November 2017, "Istrian hotels", a subsidiary of MK Group, took over "Skiper Resort" hotel complex located in Istria.[18] In February 2018, MK Group increased its ownership stake in the third largest Slovenian civil airport Portorož and is today the majority stake holder.[19]

In June 2020, MK Group acquired the Slovenian branch of Heta Asset Resolution. At the end of 2019, MK Group was selected as the best bidder in the tender, and with the official approval of the Public Agency of the Republic of Slovenia for Protection of Competition and the approvals of the Competition Protection Commissions of Serbia and Montenegro, formal requests for payment and purchase were met.

Social responsibility

In the last five years, the company conducted more than 500 socially responsible actions worth over € 5,000,000 with the intention of improving the living and working conditions in 123 local communities in which MK Group operate.[20]

MK Group’s responsible activities are primarily focused on health and education of children and young people.[21] [22] [23]

Awards

This is a list of awards that the company has received over the years:

  • 1998 – MK Commerce was chosen as The best private company in Serbia
  • 2001 – MK Commerce – The best private company in Serbia
  • 2002 – Letter of Appreciation to the company MK Commerce for its contribution to the construction of the Memorial Temple of Saint Sava at the Vračar plateau
  • 2004 – MK Commerce, one of the best ranked on the list of the best private companies and the most popular citizen of Novi Sad
  • 2007 – Plaquettes Gold partner to the company MK Commerce
  • 2009 – Letter of Appreciation to MK Group from Politika JSC and the Ministry of Education of the Republic of Serbia for a donation in the campaign for honoring the elementary and high school students in Serbia
  • 2011 – "Gold Dinar of Emperor Dušan" Award of the Club of Economic Journalists to the company MK Group for the company of the decade in Serbia
  • 2012 – Award of the Novi Sad Fair for the "Best in Agribusiness" to the company MK Group for The best regional company in the field of agriculture
  • 2012 – B92 Fund's “Hero Company” Medal to MK Group for donating funds to humanitarian action "Struggle for Babies"
  • 2012 – Letter of Appreciation of SOS Children's Village Kraljevo to the company MK Group for building the Youth House
  • 2012 – Plaquettes OSSI for supporting Serbian students abroad
  • 2013 – "Best in Agribusiness" Award of the Novi Sad Fair to MK Group for The best regional company in the field of agriculture
  • 2013 – "My Choice" Award for the most socially responsible company in Serbia to MK Group for the project SOS Children's Village – the Youth House
  • 2013 – "Superbrands" Awards to the company MK Group
  • 2013 – "The Corporate Super Brand" Award for the leader in mountain tourism in Serbia
  • 2014 – The "Brand Leader Award" to MK Mountain Resort, at the 4th Business Conference "Sustainable Development and Competitiveness of Tourism in South East Europe – SEET 2014"
  • 2014 – "Superbrands" Award for the best brand in Serbia to Carnex
  • 2015 – "The Best Corporate Brand in Food Production" to Carnex
  • 2015 – "Business partner 2015" Award for providing the best banking services to AIK Bank
  • 2016 – "Superbrands" Awards to MK Commerce, MK Mountain Resort and Carnex[24]
  • 2016 – Sunoko received “The Best from Serbia” Award for the best corporate brand in the category of daily consumer goods from the Serbian Chamber of Commerce in cooperation with the Ministry of Trade, Tourism and Telecommunications[25][26]
  • 2016 and 2017 – PIK Bečej Champion in the category In-calf Heifer Holstein, Friesian Breed at the International Agricultural Fair in Novi Sad[27][28]
  • 2017 – Grand Hotel & Spa was received “The Best from Serbia” Award from the Serbian Chamber of Commerce in the hotel category
  • 2017 – Iskon edible sunflower oil received the prestigious "Superior Taste Award" for the second consecutive year, awarded by the International Taste & Quality Institute, and is a multi-annual winner of the Grand Gold Medal for Quality at the International Agricultural Fair in Novi Sad
  • 2018 – Carnex was presented with the Gold Medal at World Food Moscow at Prodexpo in Moscow
  • 2018 – Grand Hotel & Spa was pronounced the best in Serbia by Superbrands Serbia[29]
  • 2018 – For the fourth year in a row, AIK Bank received an award for the best commercial bank in Serbia from the renowned international magazine International Banker[30]
  • 2014 – 2019 Agroglobe received five consecutive annual awards for the largest exporter of grains and oilseeds from Serbia by Žita Srbije at the International Fair of Agriculture in Novi Sad
  • 2008 – 2019 Sunoko has been a regular winner of the Great Gold Cup for consistently high quality sugar, and has won dozens of gold and silver medals awarded by the International Fair of Agriculture in Novi Sad
  • 2019 – Miodrag Kostić won the Golden Sign Award of the Red Cross of Serbia for exceptional humanitarian work
  • 2019 – MK Group was presented with the prestigious Serbian Chamber of Commerce “Friend of the Family” Award[31]
  • 2019 – Hotel Kempinski Palace Portorož won the Star Diamond Award of the American Academy of Hospitality Sciences, as well as the World Travel Tourism Awards (WTA) as the leading Slovenian hotel[32]
  • 2019 – Sheraton Hotel is being awarded with a Silver Champion Cup of the Novi Sad Fair for exceptional quality of hospitality services and with ten gold medals in different categories[33]
  • 2019 – The company Agrounija was presented with the „Special Contribution to the Development of the Regional Economy Award“, awarded by the Serbian Chamber of Commerce, RCC Sremska Mitrovica
  • 2019 – For the fifth consecutive year, AIK Bank has been recognized as the Best Commercial Bank in Serbia by the renowned economic magazine International Banker. Also, it has been awarded in the category of the most innovative banks in the retail sector[34]
  • 2019 – Sheraton Hotel was presented with the „Ambassador of Good Service Award“, sponsored by the Ministry of Trade, Tourism and Telecommunications of the Republic of Serbia, in the category "The most successful hotel team of the Hotel Rooms Division"[35][36]

See also

Reference
  1. "КОНСОЛИДОВАНИ БИЛАНС УСПЕХА (2019) - MK Group". apr.gov.rs (in Serbian). Retrieved 30 January 2021.
  2. "КОНСОЛИДОВАНИ БИЛАНС СТАЊА (2019) - MK Group". apr.gov.rs (in Serbian). Retrieved 30 January 2021.
  3. "Основни подаци о привредном друштву". apr.gov.rs (in Serbian). Serbian Business Registers Agency. Retrieved 24 February 2018.
  4. "ISTORIJA POSLOVANJA". mkgroup.rs (in Serbian). Retrieved 3 January 2018.
  5. "MK Grupa kupila PIK Bečej za 45,5 miliona evra". blic.rs (in Serbian). Tanjug. 17 December 2015. Retrieved 18 January 2018.
  6. "MK Grupa najveći izvoznik hrane iz Srbije". n1info.com (in Serbian). Beta. 6 September 2017. Retrieved 3 January 2018.
  7. R., E. (4 May 2017). "Miodrag Kostić ide iz Ukrajine?". novosti.rs (in Serbian). Retrieved 3 January 2018.
  8. Lakić, Suzana (24 January 2016). "ISTRAŽUJEMO Oni su gazde srpske zemlje". blic.rs (in Serbian). Retrieved 18 January 2018.
  9. Subin, J.; Stojaković, D. (9 July 2018). "Kostić kupio "Viktorija grupu"!". novosti.rs (in Serbian). Retrieved 9 July 2018.
  10. "Kostić kupio Viktorija grupu". b92.net (in Serbian). 9 July 2018. Retrieved 9 July 2018.
  11. "Kostić kupio AIK banku". politika.rs (in Serbian). 27 February 2014. Retrieved 3 January 2018.
  12. "AIK Banka kupila Alpha Banku, vraća se ime Jubanka". bif.rs (in Serbian). 3 January 2018. Retrieved 17 November 2017.
  13. "Sava to sell its stake in Gorenjska Banka to Serbia's AIK -report". reuters.com. Reuters. 13 December 2017. Retrieved 3 January 2018.
  14. "Kostić će za Gorenjsku banku platiti čak 80 milijuna eura". poslovni.hr (in Croatian). 17 December 2017. Retrieved 4 January 2018.
  15. "MK Fintel Wind". MK Group. MK Group. Retrieved 29 July 2015.
  16. "Kostić kupio Grand i Konake za 23 miliona evra". blic.rs (in Serbian). Beta. 26 December 2008. Retrieved 18 January 2018.
  17. "U novembru otvaranje "Šeratona" u Novom Sadu" (in Serbian). Beta. 24 August 2018. Retrieved 4 January 2018.
  18. ""MK grupa" preuzela luksuzni hotelski kompleks u Istri". blic.rs (in Serbian). Tanjug. 17 November 2017. Retrieved 4 January 2018.
  19. "Kostić kupio još 7,8 posto akcija aerodroma Portorož". novosti.rs (in Serbian). Tanjug. 26 February 2018. Retrieved 12 March 2018.
  20. Vojvodine, Javna medijska ustanova JMU Radio-televizija. "Nov udar u Kraljevu, ljudi ponovo na ulicama". JMU Radio-televizija Vojvodine. Retrieved 2020-10-19.
  21. ""MK Grupa" donirala 200.000 EUR za izgradnju nove kuće u SOS Dečijem selu u Kraljevu". ekapija.com (in Serbian). 24 September 2012. Retrieved 3 January 2018.
  22. "MK Grupa donirala Petnici dva miliona dinara". n1info.com (in Serbian). 30 May 2016. Retrieved 3 January 2018.
  23. Simić, J. (18 September 2018). "Dečja bolnica u Novom Sadu dobila prvu magnetnu rezonancu". novosti.rs (in Serbian). Retrieved 27 September 2018.
  24. "MARKA SRBIJE MK grupa dobitnik tri "Superbrend" nagrade". blic.rs (in Serbian). 14 June 2016. Retrieved 4 January 2018.
  25. Milošević, Žikica. "Winners of the "The Best of Serbia 2016" announced". Diplomacy&Commerce. Retrieved 2020-10-19.
  26. "Winners Of The "Best of Serbia 2016" Declared". CorD Magazine. 2017-02-02. Retrieved 2020-10-19.
  27. Promo. "Najpoznatiji svetski šefovi kuhinja nagradili ISKON ULJE". Blic.rs (in Serbian). Retrieved 2020-10-19.
  28. "Novinska agencija Beta". Novinska agencija Beta (in Serbian). Retrieved 2020-10-19.
  29. "Superbrands awards handed out – eKapija among winners of prestigious acknowledgment". www.ekapija.com. Retrieved 2020-10-19.
  30. internationalbanker (2016-11-30). "The International Banker 2016 Western & Eastern European Awards Winners". International Banker. Retrieved 2020-10-19.
  31. "Privredna komora Srbije dodelila nagrade "Prijatelj porodice 2018"". www.srbijadanas.com (in Serbo-Croatian). Retrieved 2020-10-19.
  32. "Croatia's Leading Hotel Suite 2019". World Travel Awards. Retrieved 2020-10-19.
  33. Biznews (2019-10-10). "MK Group lider vojvođanskog turizma". Nedeljnik. Retrieved 2020-10-19.
  34. internationalbanker (2019-11-25). "The International Banker 2019 Western & Eastern European Awards Winners". International Banker. Retrieved 2020-10-19.
  35. "Dodeljena najveća priznanja u hotelskoj industriji: Ambasadori dobre usluge 2019!". TURISTICKI SVET (in Serbian). Retrieved 2020-10-19.
  36. "Novinska agencija Beta". Novinska agencija Beta (in Serbian). Retrieved 2020-10-19.
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