“I’d be interested in 2,000 hectares of land. I am looking for partners to buy 10,000 hectares but it’s a difficult thing to do because of land ownership dispersion. Investment in farming land is a safety net for me, as well as a diversification of the business,” says Gabriel Barbalau, manager and shareholder of United Grain Group, a company that is among the top ten grain traders in Romania.
The company, whose business volume stood at EUR20 million last year, thus joins the wave of new agricultural investors, which includes the Tiriac family and Daniel Guzu, the owner of the construction supplies producer Duraziv or Nelu Iordache, the businessman who established BlueAir airline.
(English version by Loredana Fratila-Cristescu)