Article
In 1976, Ivica Todorić founded a company for the production and sale of flowers and flower seedlings.
The first greenhouses were built during the same year and the sale of the goods expanded to the rest of the country.
Although the communist government of SFR Yugoslavia didn't fancy private companies, Todorić was able to hire more than 50 people in the first two fiscal years.
By 1977, business was expanded by new programs:
import and export of cereals, oil crops, fruit, and vegetables, with a significant increase in turnover and profits.
The company soon become the leader in the flower industry. In 1989, when the laws become more liberal,
Todorić founded the joint-stock company Agrokor.
It entered the construction industry in the next two years and bought a factory for processing soy in Zadar.
In 1992, Agrokor became the majority owner of Jamnica and Agroprerada.
In 1993, Agrokor became the majority owner of Zvijezda and DIP from Turopolje.
The factory Jamnica, completely destroyed during the Croatian War of Independence,
was rebuilt and the production started again.
In 1994, a modern distribution system was introduced at Zvijezda and Jamnica factories.
Jamnica received new product lines and began bottling into PET bottles.
Agrokor became majority owner of Ledo, Konzum, Silos-mlinovi, Bobis and Solana Pag. In 1995, the first Super Konzum store was opened.
The Agrokor Group was registered in 1997.
The acquisition of Jaska vino d.d., which produces juices as well as quality wines named Podrum Mladina, took place in 1998.
Silos Mlinovi and SRC Andrijaševci were incorporated into PIK Vinkovci.
This was followed by the start of construction work for a distribution center, which was also the largest investment project in the Group.
In Čitluk (BiH), a new company for ice production named Čitluk Ledo was established in 2000.
In the same year, Agrokor opened its largest distribution center in Croatia and the region.
According to the European Bank for Reconstruction and Development, Agrokoru had a credit worth of 170 million euros. Agrokor holds 97.4% of the shares of Sarajevski Kiseljak company.
Ledo and Irida Daruvar agreed on a strategic cooperation in 2001 for the distribution and sale of frozen fish.
Soon afterwards, Konzum started with wholesale.
With the establishment of the company Mala Neretva Konzum,
Agrokor entered businessmen of buying fruit and vegetables from the Neretva Valley.
In 2002, Agrokor became the first supplier of biofuels in Croatia.
In the same year, Agrokor bought a trading company Alastora.
Shorty afterwards, Agrokor offered its 130 million euros worth bonds on the Luxembourg Stock Exchange.
In 2003, Agrokor acquired 51% of a trading company and distribution center TPDC Sarajevo (BiH) and 55.49% of the shares of Frikom (Serbia).
In addition, the mineral water Jamnica received the EAUSCAR excellence award.
In 2004, Sloboda from Osijek and Medijator from Dubrovnik were taken over by Agrokor.
In addition, Agrokor opened three new companies,
Agrolaguna in Poreč and Fonyodi water filling plant and the Baldauf ice cream factory in Hungary.
The new product line for Jana still mineral water was realized in 2004 and the flavored water Jana - Strawberry/Guava received EAUSCAR excellence award.
In 2005, Dijamant from Zrenjanin and the Idea from Belgrade were bought by Agrokor.
Agrokor acquired 99.76% of PIK Vrbovec and 67.92% of Belje and opened the first drugstore called Kozmo.
The product Jana received an EAUSCAR excellence award in the same year as natural spring water.
In 2006, EBRD invested 110 million euros into the equity capital of Agrokor and thus gained 8.33% in the Group. In 2007, Agrokor bought Tisak, the largest retail newsstand chain in Croatia.
Logistics and distribution center in Dugopolje opened in 2010.
In the first three years, the combined volume invests
HRK 560 million.
In the same year, Agrokor bought 87.98% of Vupik from Vukovar, one of the largest
agricultural producers in Croatia for 30 million kuna.
The most modern winery in the region worth €20 million was opened at Belje in 2011.
First biogas facility was opened in Gradec in 2012.
In 2014, with the largest transaction in the region's history, Agrokor become the owner of the Slovenian Mercator trading chain.
The value of the transaction was 544 million euros.
In 2017, Agrokor sold Kozmo.
Agrokor's core businesses are the production and distribution of food and drinks and retail, and over the years the group acquired several large Croatian companies in those sectors:
Jamnica - the largest water bottling company in Croatia, established in the 1830s and acquired by Agrokor in 1992.
Zvijezda - the largest cooking oil and margarine factory in the country, established in 1916 by Samuel David Alexander and acquired in 1993.
Konzum - the largest supermarket chain in the country which operates over 600 stores in Croatia, Bosnia and Herzegovina and Serbia. Founded as "Unikonzum" in 1957, the company was acquired by Agrokor in 1994
Ledo - the largest ice cream and frozen food manufacturer in Croatia, established in 1976 and acquired in 1994.
PIK Vrbovec - the largest meat manufacturer in the country, acquired in 2005.
Belje - the largest agricultural company in the country, acquired in 2005.
Agrolaguna - winemaking, olive growing, and cattle farming company acquired in 2005.
Tisak - the largest chain of newsstands in the country and the biggest retailer of newspapers and tobacco products.
Agrokor acquired a 54 percent majority stake in Tisak in 2007.
Agrokor also acquired or founded a number of companies in the region, including the Serbian ice cream manufacturer Frikom, water bottling companies Sarajevski kiseljak (in Bosnia and Herzegovina) and Fonyodi (in Hungary) and others.
Several of Agrokor's Croatian subsidiaries are listed on the Zagreb Stock Exchange (ZSE) and Ledo is included in its official share index CROBEX as of September 2010.
For approaching international capital markets, Agrokor had to receive a rating by a rating agency as this is a must to give potential investors a benchmark.
Without the ratings of Standard & Poor's and Moody's, Agrokor could not have issued two major bonds
(one at the end of 2009 about 400 million, one in 2011 about 150 million).
In April 2012, Standard & Poor’s also revised the outlook on Agrokor's ‘B’ rating to positive from stable.
Agrokor had to be considered by the Croatian market regulator Croatian Competition Agency
(Croatian: Agencija za zaštitu tržišnog natjecanja, AZTN)
for some of its acquisitions.
It requested approval of acquisition of Mercator where Agrokor will have to shut down some retail locations in Croatia
In June 2014, Agrokor finalized the acquisition of an 80.75% stake in Mercator, which is the biggest retail chain in Slovenia, and throughout the Balkans, with over 2000 retail stores.
On 27 June 2014, Agrokor acquired the majority stake of
Poslovni sistem Mercator and became its majority owner.
The total value of the transaction amounts to €544 million, out of which €324 million are for the acquisition of 100 percent of shares, and the rest to be used for deleveraging Mercator's financial position and for working capital requirements of Mercator's operations.
Ivica Todorić founded a private company Agrokor for the production of flowers and flower seedlings, and in 1989 was registered by the Agrokor joint stock company.
In 1976.
A private company (craftsman) for the production of flowers and flower seedlings was founded by Ivica Todoric
In the first year of business, the company developed rapidly and employed more than fifty people
In 1989.
Agrokor was founded as a wholly-owned joint-stock company of Ivica Todoric
In 1993.
Agrokor buys oil producers "Zvijezda" Zagreb
In 1994.
Agrokor acquires majority shareholdings in Led , Konzum , Silos mills (today PIK Vinkovci dd), Bobis and Solani Pag
In 1995.
The first so called. "Super Konzum"
1998th
Agrokor buys "Jaska vino dd"
2000th
Agrokor buys mineral water producers "Sarajevski kiseljak"
2,003th
Agrokor buys Serbian ice cream maker "Frikom"
2004th
Agrokor buys the majority of shares of "Agrolagune" Poreč
2005th
Agrokor buys the majority of shares of the IDEA trading company in Serbia, and leading Croatian agricultural companies PIK Vrbovec and Belje , also a producer of oil "Dijamant" in Serbia.
2006th
Agrokor Group and EBRD signed an investment contract of EUR 110 million in Agrokoro's share capital, thus EBRD acquires a share of 8.33%
2007th
Agrokor buys majority package of shares of main Croatian newspaper distributor "TISAK"
2014.
Agrokor buys majority stake package of leading Slovenian retailer "Mercator"
Business Group
Business group Food
Agrofructus (100%)
Agrokor Vina (100%)
Agrokor - Zagreb (100%)
Agrolaguna (85.22%)
Agroprerada (67.92%)
Belje (67.92%)
Diamond Ad (73.08%)
Diamond Agrarian Ad (45.2%)
Fonyodi Kft. (80.44%)
Frikom ad, sold to daughter companies
(all 95,83% sold to Ledu)
Irida (78.85%)
Jamnica (80.44%)
Kikinda mill ad (78.74%)
Ledo (78.85%)
Ledo doo Čitluk (78,85%)
Ledo Kft. (78.85%)
Ledo doo Podgorica,
(all 100% sold Ledu)
Mladina (48.98%)
New Sloga ad (95.83%)
PIK Vinkovci (70.87%)
PIK Vrbovec (99.78%)
Sarajevski kiseljak (80.98%)
Sojara (51.84%)
Solana Pag (91.93%)
Vupik (55.77%)
Star (51.84%)
Retail business group
Bootleggers (100%)
Centropromet (80.55%)
Tobacco Shop (54.15%)
Euroviba (75.27%)
Idea (100%)
Jadrankomerc (77.57%)
Jamnica doo Maribor (80.44%)
Japetić (80.55%)
Konzum (80.55%)
Konzum doo Sarajevo (80.55%)
Krka doo (66.38%)
Ledo doo Ljubljana (78.85%)
Ledo doo Kosovo (78,85%)
Printing (54.15%)
TPDC Sarajevo (51%)
Zvijezda doo Ljubljana (51,84%)
Zvijezda doo Sarajevo (51,84%)
Žitnjak (69.94%)
Agrokor AG (100%)
Agrokor Kft. (100%)
Agrokor store (100%)
Ciglane Zagreb (99.32%)
Moslavina Hunting Farm (100%)
Media doo (100%)
mStart (100%)
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About the game:
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