MHP expanded its assets in Croatia
In 2024, MHP acquired 100% of the shares of Toni d.o.o. in Croatia for $14.3 million, the agroholding said in its annual report.
“We acquired 100% of the shares of Toni d.o.o. in Croatia for $14.1 million, which improved the stability of the grain supply chain to our Slovenian and Croatian markets,” the report said.
Toni d.o.o specializes in the purchase, drying and storage of grain crops, including corn, wheat and barley. In 2023, it generated revenue of €24 million and a net profit of over €1.6 million.
In addition, during the year, MHP purchased 70% of the shares of KK & Sons Group Ltd, registered in the United Kingdom, for $3.9 million to “expand the Group’s logistics capabilities in Ukraine and abroad.”
The agroholding also invested $15.6 million in Ukrainian Meat Farm and $7.1 million in MHP Desert Hills in Saudi Arabia.
Since entering the Croatian market in 2019, MHP has invested a total of €44.5 million and created over 200 new jobs.
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