January 18, 2017 5:33 PM ET

Chemicals

Company Overview of Galenika-Fitofarmacija A.D.

Company Overview

Galenika-Fitofarmacija a.d. manufactures and sells plant protection products based on generic active substances in Serbia. The company offers herbicides, insecticides, fungicides, rodenticides, fertilizers, and adjuvants. It also processes frozen fruits primarily raspberry; offers agricultural products, such as wheat, sunflower, corn, and wheat seeds; and collects and transports hazardous and non-hazardous waste. Galenika-Fitofarmacija a.d. was founded in 1955 and is based in Belgrade, Serbia.

Batajnicki drum bb

Zemun

Belgrade,  11080

Serbia

Founded in 1955

Key Executives for Galenika-Fitofarmacija A.D.

Galenika-Fitofarmacija A.D. does not have any Key Executives recorded.

Galenika-Fitofarmacija A.D. Key Developments

Serbia's Government Extended Timeline For The Privatisation Of Galenika

Serbia's government has extended by three months the deadline for the completion of the talks for the privatisation of drug maker Galenika-Fitofarmacija A.D., economy minister Goran Knezevic said. The talks are going in the right direction, but there are still some technical problems to be solved, primarily with Galenika's creditor banks, Knezevic said in a video posted on the website of Beta news agency.

Potential Sale Of The 33% Of Galenika-Fitofarmacija Might Be Canceled

The potential sale of the 33% of Galenika-Fitofarmacija A.D. (BELEX:FITO) to the consortium of Russian LLC NPA Petrovax Pharm and Frontier Pharma Limited could reportedly be canceled mainly due to the company's accumulated debt of €70 million. Some newspaper sources revealed that, banks failed to express readiness to postpone repayment of Galenika's debts, due to start from the beginning of December 2016.

Frontier Pharma And Petrovax Pharm Reportedly Eye Acquisition Of Stake In Galenika

The government of Serbia is due to begin negotiations with Frontier Pharma Limited and Russian LLC NPA Petrovax Pharm to sell 25% stake in Galenika-Fitofarmacija A.D. (BELEX:FITO), according to Serbian media reports. The deadline to reach an agreement is 90 days, RTS broadcaster reported.

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