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Serbia's IM Matijevic eyes Zagreb hotels for acquisition - report

Serbia's IM Matijevic eyes Zagreb hotels for acquisition - report Author: IM Matijevic. License: All rights reserved.

BELGRADE (Serbia), January 8 (SeeNews) - Serbian meat producer and retailer IM Matijevic is interested in acquiring hotels in urban areas, with eyes on Croatian capital Zagreb, Serbian media reported on Friday.

IM Matijevic already owns four hotels, three in the city of Novi Sad and one in the northern town of Zrenjanin, news daily Dnevnik reported, quoting company owner and founder Petar Matijevic.

The Serbian company recorded an increase in its net profit of 30% to 30 million euro ($32.6 million) last year.

IM Matijevic also owns Serbian bus maker Neobus and 1,500 ha of arable land in Croatia and is active in the real estate sector on is home market.

Matijevic said that, for now, he does not have plans to invest further in Croatia, except in the hotel business.

($=0.919949 euro)

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