Bojović Drašković Popović & Partners advised Welkino Limited on the sale of Žitoprodukt d.o.o. to ASA Group
Bojović Drašković Popović & Partners provided full legal support to Welkino Limited, a Cyprus based limited company, with regards to the sale of its Serbian company Žitoprodukt d.o.o. form Bačka Palanka to ASA Trading headquartered in Austria (a member of the ASA Group).
Žitoprodukt has years of tradition in the field of grain processing. The core activities of Žitoprodukt are drying and storage of grain as well as processing of mercantile maize. The company owns storage silos with the capacity of 22,000 tons, modern grain drier with a capacity of 30 tons/h, and the production plant can process up to 120 tons of mercantile maize daily. The product range includes: corn grit for breweries, corn grits as a food and raw material in confectionary industry, cornmeal and livestock feed flour.
This week, ASA Group took over Žitoprodukt, as a step forward for the continuation of the expansion in the segment of commodities trade.