The value of the deal stands at RON4 million.
In the wake of this acquisition, the group has come to exploit around 12,500 hectares of farming land.
According to Nicolae Serban, the group’s CEO, within this farm the company aims to implement a rotational vegetable development system, with a stable crop plan consisting of potatoes and other root vegetables, an aspect that will lead to an increase in vegetable production by approximately 7%.
In 2022, the company posted consolidated turnover worth RON534.4 million, up 11% from 2021, RON67.9 million EBITDA, up 27%, and RON33.8 million turnover, up 10%.
Its shares have been listed on the AeRO market of the Bucharest Stock Exchange since February 28, 2022. At present, the company has an around RON290 million capitalization.
(English version by Catalina Apostoiu)