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.
Further development of the grain and oilseed markets of Ukraine and the Black Sea region will be in the spotlight of the BLACK SEA GRAIN. KYIV conference, taking place on April 22–23 in Kyiv. The event will focus on strategic directions for the agricultural sector through 2030, including investments, energy independence, processing, and exports of high-value products.
Join strategic discussions and networking with industry leaders to gain актуальна insights, discover new business opportunities, and build partnerships with key market players.
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