Kinstellar advises FirstFarms A/S on a sub-sale of land in western Romania
November 2021 – Kinstellar and Dewi Advisory continue to advise the Danish agricultural investment company FirstFarms on a new sale of land in western Romania for DKK 20 million. The transaction is part of an agreement signed by FirstFarms to divest the farming operations it owns in western Romania.
Once FirstFarms ends operations in western Romania, the company will shift its focus towards the crop production in the eastern part of the country.
Founded in 2006, FirstFarms is headquartered in Denmark and operates in Romania, Slovakia, Hungary, and the Czech Republic. The company has 16 plant and animal production units, with over 300 employees.
The team assisting on the matter was coordinated by Razvan Popa, partner at Dewi Advisory, and included Catalin Dinu, Managing Associate and Adelina Seserman, Associate.
Victor Constantinescu comments: ‘‘Happy and thankful for having advised First Farms on yet another transaction and a shout out to Dewi Advisory for their support in the process.”
Razvan Popa adds: ‘‘We are happy to see leading investors such as FirstFarms doing business in Romania, and are confident this sector will receive more and more attention from European companies. Our teams stand out as market leader with unmatched experience in the agribusiness sector.”