57.61% of assets of "Fidelinka" sold to unknown consortium

Stock Company "Fidelinka", one of the most successful Subotica-based companies, was sold at Belgrade Stock Exchange to unknown consortium for €10,672m. Future owner bought 57.61% of the assets.

"Fidelinka" is one of the most successful companies in mill-bakery industry in Serbia. Production of "Fidelinka" encompasses mills and silos based in Subotica, Bajmok, Čantavir, dough factory, starch factory, factory for production of bread, baked goods and pastries and farming production on about 4,000 ha.

Possible strategic partners of "Fidelinka" are "Alimonti"/Alimenti Italia, "Agrokor" Croatia and "Sekelj Babolno" Hungary. The initial talks with aforementioned companies have already taken place. www.fidelinka.co.yu