Group around Ján Sabol controls companies with annual revenues of €4.5bn

The group around Ján Sabol controls companies with annual revenues of €4.5bn, including €1.5bn from biofuels. About 90% of revenues come from Europe, though the group is expanding globally. It recently acquired full control of pharma firm Saneca Hlohovec and plans to invest €40m to expand production there. Saneca also intends to build a new €50m plant in Saudi Arabia. The group grows coffee in Colombia and rice in Uzbekistan. In Brazil, it produces biofuels, grows sugar cane, and manufactures sugar. In India, it produces biofuels and railcars, and in Indonesia it plans to enter a bioethanol production venture. Top manager Robert Spišák criticized the government’s current tax and economic policies.

(dennikn.sk)