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Croat Agrokor to Invest 100 Million Euros in Serbia, B92 Says

Agrokor d.d., Croatia’s largest closely held company, plans to invest 100 million euros ($132 million) in neighboring Serbia over the next 12 months, B92 broadcaster reported, citing Agrokor’s president.

Agrokor has the Idea d.d. supermarket chain in the fellow former Yugoslav republic, where it expects macroeconomic stability after Serbia became an official candidate for European Union membership, the report quoted Ivica Todoric as saying.

To contact the reporter on this story: Misha Savic in Belgrade at msavic2@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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