Victoria Group

44°49′01″N 20°25′37.8″E

ADM Nutrition Holding

Company type	Joint-stock company
Industry	Holding
Founded	8 November 2001 (2001-11-08)
Defunct	12 December 2022; 2 years ago (2022-12-12)
Headquarters	Bulevar Mihajla Pupina 115, Belgrade , Serbia
Area served	Serbia
Key people	Jake McCammack (Director) Emmanuel Ayuk (Director)
Revenue	€166.68 million (2020)[1]
Net income	(€0.91 million) (2020)[1]
Total assets	€212.39 million (2020)[2]
Total equity	€57.43 million (2020)[2]
Owner	Archer-Daniels-Midland Europe (100%) (as of December 2021)
Number of employees	997 (2020)
Subsidiaries	Subsidiaries
Website	www.victoriagroup.rs
Footnotes / references Business ID: 17364723 Tax ID: 101898648 [3]

ADM Nutrition Holding, formerly known as Victoria Group (Serbian Cyrillic: 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

Former official logo of Victoria Group

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.^[4]

Since 2015, ADM Nutrition Holding began accumulating debt, finishing 2015 and 2016 calendar year, with total net loss in range of 50 million euros.^[5] 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.^[6]

In July 2018, it was announced that Serbian holding company MK Group has bought the majority of shares of then-indebted Victoria Group.^[7][8]

On November 22, 2021, MK Group, together with Milija Babović and Apsara limited, sold 100% of shares to ADM Europe for undisclosed amount.^[9]

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.^[10]

Subsidiaries

This is a list of subsidiary companies of former Victoria Group (as of 27 January 2018):^[11]

• 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

• Agriculture in Serbia