'Sunoko' is not giving up sugar factories in Zabalj and Crvenka

"MK Group" believes that there are great chances for the positive attitude of the Competition Protection Commission with some additional conditions. Public call is still open, and the final decision of the Commission is still awaited - stated for "Dnevnik" journal, Sunoko's CEO, Ljubisa Radenkovic, when asked whether "MK Group" was still in the game for buying sugar factories owned by "Hellenic Sugar" in Serbia .

- It is important to understand that when sugar factory operate, coal mines operate as well, as it is required to have large quantities of crude oil, petroleum, stone. For example, during the four months of the campaign for "MK Group", 400 trucks have been working 24 hours a day. In addition, net export for 100 euros of exported sugar is 80 euros. On a net export for steel of 100 euros, realistic net exports doesn't exceed 20 euros, because 80 percent comes from import. So, 100 euros of sugar is as if you export 400 euros of steel - Mr.Radenkovic explained for "Dnevnik".

Speaking of the purchase price of sugar beets, CEO of Sunoko, a company operating within MK Group, noted that the current contract price of sugar beet, which the company applies ranges from 36 to 40 euros, depending on the contractual terms, parity payment terms and reference quality.