The deal includes the complete takeover of Fyn Invest Danmark, which operates around 800 hectares of land, owned and leased.
With the acquisition of this farm, the Company operates approximately 13,300 hectares of farmland, focusing on large crops in a regenerative agriculture system.
The new farm added to the Company’s portfolio includes storage and logistics spaces, autumn crops, wheat cultivated in the 2022 autumn season on approximately 370 hectares, and spring crops, such as sunflowers and sorghum, cultivated on the rest of the area.
The new acquisition will increase the Company’s total production by approximately 10%, considering both the extensive and intensive components generated by the quality of the operated lands.
In 2022, Grup Serban Holding posted consolidated turnover worth RON534.4 million, up 11% from 2021, RON67.9 million EBITDA, up 27%, and RON33.8 million net profit, 10% higher than in 2021.
The company’s market capitalization now revolves around RON285 million.
(English version by Catalina Apostoiu)