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MK Group buys Fortenova’s Dijamant oils business in Serbia
Yahoo Finance· 2026-01-28 12:40
Group 1 - MK Group has agreed to purchase Serbian edible oils manufacturer Dijamant from Croatia's Fortenova Group, marking Fortenova's exit from the agricultural and edible oil industries [1] - Dijamant is recognized as the leader in the production of edible oils, margarines, vegetable fats, mayonnaise, and related products in Serbia [2] - Fortenova's CEO stated that the sale is part of a portfolio optimization process, focusing on retail, logistics, commercial real estate, and beverages [3] Group 2 - Fortenova has invested over €40 million ($47.6 million) in Dijamant's production facility and has settled all debts prior to 2017 [3] - MK Group aims to leverage its expertise in agriculture and food to enhance Dijamant's processes, quality, and innovation [4][5] - Fortenova has previously divested other food and drink assets, including a cooking oils business and various food processing companies [5][6]