Draft merger agreement

Sojaprotein joined forces with Donau Soja - committed to making sustainability happen.

Premier global nutrition provider ADM has shown interest in Sojaprotein

Bečej, 26 July 2021 – ADM, a premier global nutrition provider and agribusiness, has shown interest in Sojaprotein, one of the most important non-GMO soybean processing plants in Europe. The purchase agreement was signed on today with the Parent Victoria Group under whose auspices Sojaprotein operates, and the completion of the transaction is expected after obtaining the approval of regulatory bodies.

The Chairman of Victoria Group and the CEO of Sojaprotein are extremely pleased to announce the appointment last week of Mr. Patrick Mewton as their Special Advisor at this exciting and transformative time for our Group and our prized and flourishing plant-based protein business. Mr. Mewton brings with him a wealth of expertise in the agriculture and food ingredients sectors, as well as in Mergers & Acquisitions and finance.

Victoria Group has been one of Serbia’s biggest exporters for years and in 2018, it reconfirmed its position among the companies contributing the most to our country’s external trade balance.

The Ministry of Finance of the Republic of Serbia published a list of last year’s 15 biggest exporters according to the data from the Customs Administration. As the only company in the agriculture industry, Victoria Group ranks 15th in terms of export figures, coming in at €130 million.

MK Group has started the process of taking over the bank loan receivables towards Victoria Group member companies. MK Group signed a contract on taking over the Victoria Group member companies’ debts with the Victoria Group creditors and this process is expected to be completed as soon as possible.

The “Serbia Grains” association, in cooperation with the Food and Agriculture Organization of the United Nations (UN FAO) and the European Bank for Reconstruction and Development (EBRD), organized “Seed Day” on May 16, as part of the 85th International Agricultural Fair in Novi Sad. At this traditional event, awards were presented to the companies that have achieved the best results in the trade of grains and oilseeds.

Sojaprotein, a Victoria Group member company, hereby informs its partners, shareholders and competent authorities of a change in senior management.

Starting from April 2018, the new General Manager of Sojaprotein is Mr. Marko Abramović. Mr. Abramović is experienced in the oilseed business having worked at Vital, where he was General Manager. In addition, he also has a lot of experience in the banking sector, having worked at Banca Intesa.

The global market research firm “MarketsandMarkets” has published a report on the textured soybean protein market, according to which Victoria Group, with its member company Sojaprotein, is among the top 11 players in this market segment in the world.

Conventional, non-GMO and organic production were included in the research. When it comes to products, texturates based on soybean flour, protein concentrates and isolates were examined.

According to a report by the Ministry of Finance of the Republic of Serbia based on information collected by the Customs Administration, the export value of the 15 leading exporters in Serbia for 11 months of 2017 was EUR 3.8 billion.