Darko horvat slovenia bled

Croatian services company Mplus has acquired a 51% stake in Panvita, Slovenia's leading agri-food company, through a €50 million capital injection. The transaction is conditional on regulatory approval.

"The two groups are partnering up to position the new group as a leader in the food industry in SE Europe," Panvita said on 7 May in announcing the transaction.

The group, which marked its 100th anniversary last year, generated over €117 million in revenue and €10.3 million in gross operating profit in 2022.

It employs more than 700 people.

One of the largest players in the Slovenian agricultural and food market, Panvita cultivates more than 3,500 hectares of agricultural land.

The company said the recapitalisation would enable growth and expansion through further acquisitions.

The new group's headquarters and management will remain in Rakičan, in northeastern Slovenia.

"The centre of our development and operations will remain in Slovenia, but regional partnerships will