“The takeover was because of the strategy to get access to logistics services on the Danube, as we expand our trading business,” explained Robert Arsene, general manager of Agricover, who did not provide details about the deal.
Agricover’s acquisition of 24% in Danube Grain Services gives it access to Giurgiu, a county where its rival, Alfred Toepfer, already has 66,000 tons of storage capacity, that is half of its total. The export terminal in Giurgiu connects the silos Agricover holds in the southwestern part of the country and those in the southeast.
(English version by Loredana Fratila-Cristescu)