Thursday, 5th December 2024

MK Group Reshapes Corporate Structure with New Holdings

MK Group has significantly restructured its business operations, transferring portions of its assets and liabilities to nine newly formed companies.

This strategic move, completed at the end of October, reflects a major shift in the company’s ownership and operational focus.

As part of this restructuring, MK Group reduced its core capital from RSD 6.13 billion to just RSD 223,068.24. The newly established entities, all registered as holding companies, now manage a variety of assets and responsibilities, ranging from real estate to equity stakes in key businesses.

Key transfers include:

Real Estate and Logistics: The New Belgrade-based MKGB66 Project now oversees a major warehouse property and associated liabilities.

Agriculture and Food Production: Companies like Carnex Holding in Vrbas and Agrounija Holding in Inđija have assumed full ownership of agricultural operations with minimal or no liabilities.

Energy and Infrastructure: Sunoko Holding in Novi Sad received equity stakes in logistics and energy-related businesses, alongside significant working capital and liabilities.

Hospitality and Tourism: MK Mountain Resort Holding at Kopaonik now manages resort assets, reflecting MK Group’s focus on its tourism portfolio.

The reorganization also introduced a notable shift in ownership. All nine companies are owned by Wheat Corn Holding B.V., a Dutch entity that has long been MK Group’s registered owner.

This streamlined structure signals MK Group’s commitment to refining its operations and optimizing management across its diverse portfolio, from agriculture to tourism. By decentralizing its assets, the company positions itself for greater flexibility and responsiveness in a competitive market.

Most read