The farm held by Constantin Dulute in southern Romania is about to be acquired by Al Dahra, market sources say, in a deal that ZF put at EUR200 million, but the parties did not confirm it.
“We neither started nor completed the deal,” Lucian Buzdugan, Agricost manager, told ZF.
Arab-held Al Dahra, however, admits plans to invest EUR500 million in Romania, which will go towards buying 58,000 hectares of land near Danube River, into a logistics company specializing in road and water transportation and in a food processing facility that will be making tomato paste.
Agricost farms 55,639 hectares of land on the Greater Braila Island rented from the government.
(English version by Loredana Fratila-Cristescu)