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Kinstellar advises FirstFarms on the sale of a large farm in western Romania

June 2020 – Kinstellar has successfully advised FirstFarms, a leading Denmark-based investor in agriculture and land in Eastern Europe, on the sale of a farm of approximately 1,700 hectares in western Romania.

FirstFarms entered into a conditional sale-purchase agreement on 9 June 2020, and final closing of the deal is expected by end-2020. According to the stock exchange release of FirstFarms, the value of the transaction is DKK 85 million.

Anders H. Nørgaard, CEO of FirstFarms, explains: “With this sale we are realising a significant and satisfactory profit from our development of land in western Romania. I am pleased that the significant hidden values in our land portfolio can be partially realised through this sale”.

Kinstellar’s team in Bucharest was coordinated by Răzvan Popa, Partner, and included, among others, Ștefăniță Georgescu, Senior Associate, Ana-Maria Mustățea, Associate and Mădălina Perțe, Associate.

Răzvan Popa comments: “We are honoured and pleased to advise our client, FirstFarms, on yet another significant deal for their business in Romania, contributing to the development of the agricultural sector at the national level. We would like to express our gratitude to the FirstFarms team for entrusting us with another project.”

For more information please contact Răzvan Popa, Partner, at 

e-mail

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