PKB Corporation (Agricultural Corporation Belgrade)

State agricultural company that in 2015, by a decision of the Ministry of Construction, registered 16,365 hectares of state land as its own property, without which the land could not have been sold. In 2018 its assets, with a book value of €227 million, were sold to Al Dahra for around €105 million. The sale price barely covered its debts and the redundancy programme, and in 2019 the state-owned PKB offered the remaining plot at a price eight times higher than what Al Dahra had paid.

Affairs

  • Sale of PKB to Al Dahra: State agricultural combine whose assets were sold; the rest of the land stayed with the state-owned PKB