Bojovic Draskovic Popovic & Partners has advised Cyprus-based Welkino Limited on the sale of Serbia's Zitoprodukt d.o.o. form Backa Palanka to Austria-based ASA Trading. The buyers were reportedly advised by Omerovic-Rabrenovic & Partners.
According to Bojovic Draskovic Popovic & Partners," Zitoprodukt 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, corn meal and livestock feed flour.