Project Sava

completed

MK Group d.o.o. (the “MK Group”, or the “Group”), a leading vertically-integrated agro-industrial conglomerate with vast the majority of its operations in Serbia, has embarked on a €87 million investment plan which comprises: (i) the acquisition of Carnex AD Meat Industry (“Carnex”), the Serbian brand leader in processed meat products; (ii) the upgrade and expansion of Carnex’s vertically-integrated operations; (iii) the expansion and modernization of the Group’s primary agriculture operations; and, (iv) permanent working capital to support the growth of the Group''s operations (the “Project”). The Project will enable the Group to further diversify and expand its operations vertically and horizontally in sectors where it already operates as well as adjacent industries, namely livestock and meat production. Thereby, the Project is expected to increase the size, strength and sustainability of MK Group’s operations.