MK Group

MK Group (Serbian Cyrillic: МК Група) is a Serbian holding company with the headquarters in Belgrade, Serbia. It has more than 30 companies within its holding and performs a variety of services, such as agribusiness, wholesale, real estate and banking.

MK Group
Native name
МК Група
d.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 €305.94 million (2018)[1]
€34.65 million (2018)[1]
Total assets €584.37 million (2018)[2]
Total equity €332.76 million (2018)[2]
OwnerWheat Corn Holding (86.94%)
Agri Holding (11.46%)
Midorag Kostić (1.60%)
Number of employees
2,514 (2018)
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 which in 1995 grew into MK Group.[4] MK Group was founded on 4 January 1995 with headquarters in Belgrade, FR Yugoslavia.

As of 31 December 2017, MK Group has a total of 32 companies within its holding, with most of them being in the region of Vojvodina.[5][6] It performs a variety of services, such as agribusiness, wholesale, real estate and banking. MK Group operates in several countries, with core of its business being in Serbia. Outside of Serbia, it owns several real estate properties and is active in banking sector in Slovenia.

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"), which have been restructured and integrated into a modern and highly profitable Serbian export-oriented companies.[4]

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), a leader in production of meat and meat products.[4] In December 2015, MK Group took over PIK-Bečej for a sum of 45.5 million euros.[7]

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.[8] Most of its agribusiness is concentrated on the production and wholesale of the cereals - corn, wheat, sunflower and soybeans.[8] 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.[9]

From 2006 to 2017, it operated in Ukraine through "Agro invest Ukraine" agribusiness company specialized in sunflower production and wholesale.[10] As of January 2016, Agro invest Ukraine managed nearly 30,000 hectares of agriculture land (around 300 square kilometers) in Ukraine.[9] In May 2017, Kernel Holding bought majority of its shares.[10]

In July 2018, it was announced that MK Group has bought majority of shares of indebted Victoria Group, one of the largest agribusiness companies in Serbia.[11][12]

Banking

MK Group through its subsidiary company MK Commerce founded BDD M&V Investments brokerage firm which operates on the Belgrade Stock Exchange.[4] However, BDD M&V Investments with its subsidiaries is not a part of the holding. M&V Investments controls a large ownership share of one of the largest Serbian banks AIK Banka (since 2014),[13] which later acquired and integrated another Serbian bank Jubanka in 2017.[14] 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.[15][16] As of December 2017, Gorenjska banka controls 4.7% of Slovenian banking market share.[15]

Energy

Apart from real estate, MK Group has invested in developing renewable energy sources, whereby MK Fintel Wind[17] 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

Also, MK Group manages several real estate properties though 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.[18]

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), as well as hotel "88 Rooms", a four – star boutique hotel in the center of Belgrade.[4] 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.[19] MK Group cooperates with world's famous hotel group Kempinski, and has invested in several real estate properties in Serbia and region.[19] It also cooperates with another hotel group Sheraton Hotels and Resorts, and has invested in hotel located in Novi Sad.[19]

In November 2017, "Istrian hotels", a subsidiary of MK Group, took over "Skiper Resort" hotel complex located in Istria.[20] In February 2018, MK Group increased its ownership stake in the third largest Slovenian civil airport Portorož to 38%.[21]

Social responsibility

Over the years, MK Group has donated several times their goods or money to various recipients. Traditionally, MK Group provides a free winter vacation to 30 of the best elementary school students from Kosovo.

During the 2010 Serbia earthquake near Kraljevo, MK Group has donated 1 million RSD in goods.[22] In September 2012, MK Group has donated 200,000 euros for the new building of "SOS Children's Village" in Kraljevo.[23] On 30 May 2016, MK Group has donated 2 million RSD to the Petnica Science Center.[24] In September 2018, MK Group together with NIS and Government of Vojvodina donated 100 million RSD worth MRI scanner to "Institute for Health Protection of Children and Youth Novi Sad".[25]

Also, other notable donations are: 24 tons of sugar to flooded areas in the Republic of Srpska; a donation in the amount of one million dinars to the Municipality of Trgovište intended for rehabilitation of the municipality in southern Serbia which was affected by floods.

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[26]
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See also

References
  1. "КОНСОЛИДОВАНИ БИЛАНС УСПЕХА (2018) - MK Group". apr.gov.rs (in Serbian). Retrieved 5 August 2019.
  2. "КОНСОЛИДОВАНИ БИЛАНС СТАЊА (2018) - MK Group". apr.gov.rs (in Serbian). Retrieved 5 August 2019.
  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. "Delta holding najveća ekonomska celina u Srbiji" (in Serbian). Beta. 18 October 2018. Retrieved 8 November 2018.
  6. K., D. I. (21 December 2017). "Veliki sistemi nastavili da dobro zarađuju". novosti.rs (in Serbian). Retrieved 3 January 2018.
  7. "MK Grupa kupila PIK Bečej za 45,5 miliona evra". blic.rs (in Serbian). Tanjug. 17 December 2015. Retrieved 18 January 2018.
  8. "MK Grupa najveći izvoznik hrane iz Srbije". n1info.com (in Serbian). Beta. 6 September 2017. Retrieved 3 January 2018.
  9. Lakić, Suzana (24 January 2016). "ISTRAŽUJEMO Oni su gazde srpske zemlje". blic.rs (in Serbian). Retrieved 18 January 2018.
  10. R., E. (4 May 2017). "Miodrag Kostić ide iz Ukrajine?". novosti.rs (in Serbian). Retrieved 3 January 2018.
  11. Subin, J.; Stojaković, D. (9 July 2018). "Kostić kupio "Viktorija grupu"!". novosti.rs (in Serbian). Retrieved 9 July 2018.
  12. "Kostić kupio Viktorija grupu". b92.net (in Serbian). 9 July 2018. Retrieved 9 July 2018.
  13. "Kostić kupio AIK banku". politika.rs (in Serbian). 27 February 2014. Retrieved 3 January 2018.
  14. "AIK Banka kupila Alpha Banku, vraća se ime Jubanka". bif.rs (in Serbian). 3 January 2018. Retrieved 17 November 2017.
  15. "Sava to sell its stake in Gorenjska Banka to Serbia's AIK -report". reuters.com. Reuters. 13 December 2017. Retrieved 3 January 2018.
  16. "Kostić će za Gorenjsku banku platiti čak 80 milijuna eura". poslovni.hr (in Croatian). 17 December 2017. Retrieved 4 January 2018.
  17. "MK Fintel Wind". MK Group. MK Group. Retrieved 29 July 2015.
  18. "Kostić kupio Grand i Konake za 23 miliona evra". blic.rs (in Serbian). Beta. 26 December 2008. Retrieved 18 January 2018.
  19. "U novembru otvaranje "Šeratona" u Novom Sadu" (in Serbian). Beta. 24 August 2018. Retrieved 4 January 2018.
  20. ""MK grupa" preuzela luksuzni hotelski kompleks u Istri". blic.rs (in Serbian). Tanjug. 17 November 2017. Retrieved 4 January 2018.
  21. "Kostić kupio još 7,8 posto akcija aerodroma Portorož". novosti.rs (in Serbian). Tanjug. 26 February 2018. Retrieved 12 March 2018.
  22. "Nov udar u Kraljevu, ljudi ponovo na ulicama". rtv.rs (in Serbian). 4 November 2010. Retrieved 3 January 2018.
  23. ""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.
  24. "MK Grupa donirala Petnici dva miliona dinara". n1info.com (in Serbian). 30 May 2016. Retrieved 3 January 2018.
  25. Simić, J. (18 September 2018). "Dečja bolnica u Novom Sadu dobila prvu magnetnu rezonancu". novosti.rs (in Serbian). Retrieved 27 September 2018.
  26. "MARKA SRBIJE MK grupa dobitnik tri "Superbrend" nagrade". blic.rs (in Serbian). 14 June 2016. Retrieved 4 January 2018.
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