“DN Agrar Group is a company long awaited by investors and we are glad that with its presence on the stock exchange, both the representation of the agricultural sector on the capital market and the investment diversification options for investors increase. Romania has a significant potential in the agricultural sector, and the capital market is a solution for all the farmers in the country who need capital necessary for development,” said Radu Hanga, Bucharest Stock Exchange President.
“We want that the moment of listing the shares of DN Agrar Group on Bucharest Stock Exchange’s AeRO market to mark the company’s entry into the next stage of development. We are confident that the financing levers offered by the capital market are favorable for our business structure. We are convinced that the ambitious goals we set ourselves will be achieved and that our confidence in the future of the agribusiness sector in Romania will be an expected success”, said Jan G. de Boer, DN Agrar Group’s CEO and Chairman of the Board.
Prior to the listing, the company raised RON24.7 million from investors in a private placement held in July 2021. A number of 117 individuals and legal entities subscribed for 13,631,408 new shares, with a nominal value of RON0.2 per share and a subscription price of RON1.81 per share, representing 25,7% of the share capital. The funds are intended for the expansion of DN Agrar Group through farm acquisitions and group development.
The private placement and the listing were carried out with the support of BRK Financial Group.
DN Agrar Group includes 11 companies operating in areas such as livestock management namely raising dairy cattle, field crops production, services in agriculture, logistics, transport, consulting and management services and tourism. To these it is added a recently acquired farm, Lacto Agrar, with funds obtained from the private placement held in July
In the field of vegetable production, the group’s farms currently cultivate, together with the Lacto Agrar farm, over 3,000 hectares of agricultural land, located in Alba and Hunedoara counties. At end-2020, 116 people were employed on a group level, plus 46 people employed for the Lacto Agrar farm.
DN Agrar Group had a net profit of RON5.5 million in 2020, up 65% compared with 2019, and a turnover of RON38.2 million, up 4.2% on the year. In 2020, the Group’s debts totaled RON50.7 million. The Group has on average 162 employees.