As part of the greenfield project, Vindija will build 11 farms and a food plant in Bosnia’s Brcko district, Dnevni Avaz reported.
Vindija filed its first application for a building permit to Brcko authorities last week, according to Avaz.
The project is expected to create 500 new jobs.
Vindija group includes dairy and meet processing plants, poultry farms, bakery and a fodder producer.
Brcko is a neutral unit in war-divided Bosnia, where an ethnic Serb Republic and a Muslim-Croat Federation constitute autonomous entities with own governments. Bosnia has a central government as well.
(1 euro = 1.95583 Bosnian marka)