“We probably are somewhere at more than one billion lei in revenue and somewhere in the neighborhood of RON700,000 in terms of profit. Our farm input business posted growth, though not that high,” said Angelo Nicolae, general manager agribusiness of Brise in one of his few interviews to the media.
“We became majority shareholders of an Italian fertilizer company at the end of 2014, whose products are now part of our portfolio. By developing this segment, we achieved growth in the input business. Our grain business was affected by the conditions on the international market in 2015.”
Brise group, a business built by entrepreneur Marius Bucur, has several divisions, from logistics (owned and rented silos) and retail (Ogorul stores) to trading and even manufacturing in Italy. Still, its core business is grain trading and farm input sale. It also owns non-banking financial company Brise Capital IFN, which grants loans to farmers.
The group established Asset Business Solution holding company at the end 2015 and put eight companies – the grain traders and those that sell raw material under its umbrella, a move that might have been done in preparation for the arrival of a foreign investor.
“The advantage here is that we have a much better visibility of results, consolidation thereof, and greater clarity for lenders (…),” says Angelo Nicolae without providing further details.
(English version by Loredana Fratila-Cristescu)