Grup Serban Holding announced its decision to the Bucharest Stock Exchange on Tuesday.
“The agricultural sector has been, and continues to be, affected by significant challenges, driven by the high level of agricultural input costs, including fuel, fertilizers, and seeds, as well as by the unfavorable trend of grain prices, which, at best, have stagnated and, in many cases, have declined,” GSH said in statement signed Serban Lucian Nicolae, CEO.
“This trend has been present in the agricultural sector over the past years and has led to the withdrawal of a significant number of market participants from grain trading activities.”
The discontinuation of this business line entailed the reorganization of operations and adjustments to the workforce structure across several departments, including commercial, silo operations, and logistics.
In 2026, the Group will continue its operations in the following business lines – agriculture (grains and vegetables), vegetable processing (storage and packaging), bakery, pastry, and confectionery.
(English version by Loredana Fratila-Cristescu)