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Kinstellar advises FirstFarms A/S on the sale of its northwest Romanian activities

July 2021 – Kinstellar and Dewi Advisory have successfully advised FirstFarms A/S, a leading Denmark-based investor in agriculture and land in Eastern Europe, on the sale and divestment of its operations in north-western Romania.

The sale price is DKK 104 million. The transaction, which is expected to be finalised before the end of 2021, will allow FirstFarm to invest in the further development of its growth strategy, both organically and through acquisitions.

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 was coordinated by Razvan Popa, partner at Dewi Advisory, supported by Madalina Perte, Senior Associate.

Victor Constantinescu, Managing Partner of Kinstellar’s Bucharest office, comments: “We are delighted to have worked with former partner Razvan Popa on yet another important project in Romania’s growing agriculture sector. Our cooperation remains seamless, and we look forward to working on future projects together.”

Razvan Popa comments: ‘‘We have built a solid agribusiness practice, with in-depth market insight and an outstanding track record. As the agriculture sector in Romania continues to expand, we continue to develop our shared expertise as market leaders with unmatched experience in the sector.”