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Slovenia Business Week no. 38: Droga Kolinska Finally Acquires Top Serbian Coffee Company

This marks the end of the process that began in February 2005, when the companies signed a strategic partnership agreement

The Slovenian food company Droga Kolinska completed the acquisition of Grand Prom, the biggest coffee producer in Serbia-Montenegro, on Friday, 16 September. This marks the end of the process that began in February 2005, when the companies signed a strategic partnership agreement.

The EUR 52.5m investment (EUR 45.5m paid in cash and EUR 7m in shares) gives Droga Kolinska a 75% stake in the Serbian company, Droga Kolinska said on Friday, 16 September.

The Slovenian and Serbian companies also agreed on Droga's ownership of a 75% stake in the Soko Stark sweets company, which had recently been acquired by Grand Prom.

Grand Prom will take over all of Droga Kolinska activities in Serbia-Montenegro, Bosnia-Herzegovina and Macedonia.

Its chairman Slobodan Vucicevic, apart from becoming one of the major Droga Kolinska shareholders, will be named head of Droga Kolinska operations in SE Europe.

Source: Slovene Press Agency STA

Author: STA