PKB Corporation ( sr, ПКБ Корпорација, PKB Korporacija) is a Serbian

agribusiness Agribusiness is the industry, enterprises, and the field of study of value chains in agriculture and in the bio-economy, in which case it is also called bio-business or bio-enterprise. The primary goal of agribusiness is to maximize profit w ...

company A company, abbreviated as co., is a Legal personality, legal entity representing an association of people, whether Natural person, natural, Legal person, legal or a mixture of both, with a specific objective. Company members share a common p ...

. It is headquartered in Padinska Skela,

Belgrade Belgrade ( , ;, ; Names of European cities in different languages: B, names in other languages) is the Capital city, capital and List of cities in Serbia, largest city in Serbia. It is located at the confluence of the Sava and Danube rivers a ...

, Serbia.

Name

The company uses shortened name PKB Corporation as an

abbreviation An abbreviation (from Latin ''brevis'', meaning ''short'') is a shortened form of a word or phrase, by any method. It may consist of a group of letters or words taken from the full version of the word or phrase; for example, the word ''abbrevia ...

of the ''Poljoprivredni Kombinat Beograd'' ( sr-cyr, Пољопривредни Комбинат Београд, "Agricultural Combine Belgrade").

History

PKB Corporation was founded on 27 December 1945 with headquarters in

PR Serbia , life_span = 1944–1992 , status = Constituent state of Yugoslavia , p1 = Territory of the Military Commander in Serbia , flag_p1 = Flag of German Reich (1935–1945).svg , p2 ...

FPR Yugoslavia The Socialist Federal Republic of Yugoslavia, commonly referred to as SFR Yugoslavia or simply as Yugoslavia, was a country in Central and Southeast Europe. It emerged in 1945, following World War II, and lasted until 1992, with the breakup of Yugo ...

. It was the largest agribusiness company in the former Yugoslavia, offering a variety of services. At its peak it had 42,000 employees throughout former Yugoslavia. During the 2000s, PKB's large departments were privatized, most notably supermarket chain

Pekabeta Pekabeta was a Serbian supermarket chain. All of the "Pekabeta" stores were rebranded into "Mini Maxi" after the chain has been sold to Delta Holding. Now the whole Maxi supermarket chain is fully owned by Ahold Delhaize Koninklijke Ahold D ...

and food companies Imlek and Frikom. In 2015, the

Government of Serbia The Government of Serbia ( sr, Влада Србије, Vlada Srbije), formally the Government of the Republic of Serbia ( sr, Влада Републике Србије, Vlada Republike Srbije), commonly abbreviated to Serbian Government ( sr, � ...

offered company for sale in public auction with the price of 154 million

euro The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . ...

s (51% of its assets); however the auction failed as nobody placed offers. In January 2018, it was announced that the Government of Serbia has agreed with the

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster globa ...

(IMF) to sell its stake in PKB Corporation until summer of 2018, in order to further consolidate its finances. In September 2018, the Government of Serbia accepted the sole bid of Al Dahra Serbia which was 105.05 million euros. On 4 October 2018, the contract between the parties was finalized and officially signed. According to the 2018 financial report, total equity stood at 227 million euros.

Organization

As of September 2016, PKB Corporation managed around 30,000 hectares of agriculture land (around 300 square kilometers). Around 23,000 hectares are owned by the

and 7,000 by PKB Corporation. Its total equity was parted in 9 unities (farmsteads), of which eight are located northern of the city area of Belgrade: Čenta, Dunavac, Pionir, Partizanski Prelaz, Padinska Skela, Lepušnica, Kovilovo, Mladost (northern of Belgrade city area) and 7. Juli is located southern of Belgrade's city area. Most of its production facilities and administration buildings are located in

Pančevački Rit Pančevački Rit ( sr-cyr, Панчевачки рит) is a small geographical area in south-western Banat, Serbia. It is situated between the rivers Danube and Tamiš, in Belgrade's municipality of Palilula. Features Its wetland was const ...

(Padinska Skela), which is located 15 kilometers north of the Belgrade city center. As of September 2016, PKB Corporation had 9,000 dairy cows, 3,500 cattle, 6,000 pigs, 2,000 sheep and 30,000 lying hens. Of motorized equipment, it possessed 330 tractors, 35 harvesters, 90 loading machines and 1,370 connecting machines.

Subsidiaries

* Agricultural aviation PKB d.o.o. * PKB Green Energy d.o.o. * PKB Sirpak d.o.o. (in liquidation)

References

External links