“[Gheorghita] sold his stake in Caussade and will keep his farm,” the sources said.
Gheorghita has been working in agribusiness for about 15 years and worked as manager at Agricover, German seeds producer Saaten Union and Aaylex, owner of Romanian poultry meat processor Avicola Buzau.
He has also been running Caussade Semences’s operations in Hungary, Bulgaria and the Republic of Moldova.
Caussade Semences is present in Romania through Caussade Semences Romania, with sales of EUR12.7 million in 2012, and Caussade Semences Est Europa, with turnover of EUR16.2 million at the end of last year, according to Finance Ministry data.
The two companies employ 56 people.
The French company’s competitors in Romania include Limagrain, Euralis, Monsanto and Pioneer.
Gheorghita has invested EUR1 million in his farm over the past two years.
Romania’s overall grain crop is seen at 17.5 million tons this year, 40% higher compared with 2012.