“The capital market represents a viable option for business development in the field of agriculture. We have been looking at a potential listing on the Bucharest Stock Exchange for some time now and I am sure that now we are ready to take this step”, said Nicolae Serban.
The group will carry out the private placement in November 2021, with the support of TradeVille.
Grup Serban Holding started its activity in 1994, in Onesti, and operates in various fields such as agriculture, grain trade, oilseeds and vegetables, poultry breeding, bakery, pastry-confectionery, an own store chain – Bacaniile Serban, distribution and transportation. The group has more than 400 employees.
The company currently exploits over 12,000 hectares of farmland, in the counties of Vaslui, Vrancea and Bacau, which grow wheat, corn and oilseeds. The group also holds and exploits over 133,000 tons of total storage capacity of grain and oilseeds in eight bases located in Orbeni, Filipesti and Valea Seaca (Bacau County), Simila, Zorleni and Gagesti (Vaslui County), Targu Frumos (Iasi County).
In 2004, Grup Serban Holding developed a new business line, poultry breeding, and owns five own farms, in three locations in the counties of Bacau and Vaslui. The group also holds a bakery shop, a confectionery lab and five stores under the Bacania Serban brand.
In 2020, Grup Serban Holding reported a consolidated turnover of RON311.8 million and a net profit of RON24.2 million. For 2021, the group expects consolidated revenue of RON330 million and a net profit of RON24.6 million.