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(CRO) Draskovic Purchased Croatian Company

Vibilia Biznis 8625

(26/06/2008)

Owner of Serbian company Swisslion Takovo (www.swisslion-takovo.com) Rodoljub Draskovic purchased Croatian confectionery company Euro Food Markt (www.efmarkt.hr) from Sisak for 20 million EUR. Draskovic intends to strengthen the position of Swisslion on the Croatian market through this company engaged in fruit and vegetable processing and production of biscuits. Swisslion is already present on this market through the retail chain Konzum. "The acquisition of Euro Food Markt will be a good opportunity for development of Swisslion"s brands and production of various concern"s products", said Draskovic. Draskovic said that 20 million EUR for Sisak-based company also included the investments of 10 million EUR predicted by the end of 2008. Euro Food Markt was established in 2001 and it is engaged in the import of confectionery products and production of Croatian version of "Jaffa Biscuit". The production of this biscuit, based on the original recipe, has begun in the factory in Sisak two years ago. The investments in the factory amounted to 5 million EUR.




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