The plan is supported both by European funds, as well as own funds and banking funding, explained Nicolae Serban, the group’s founder.
Farm acquisitions have already started, with the group buying on over 340,000-sqm farm in a RON4 million deal and a cattle farm in a RON5 million deal. The group currently operates more than 13,000 hectares of land.
In 2022, the group posted consolidated turnover worth RON534.4 million, up 11% from 2021, RON67.9 million EBITDA and net profit of RON33.8 million, up 10%. The number of employees now tops 360.
(English version by Catalina Apostoiu)