The deal to be signed by the end of the year will amount to DKK1 billion (EUR150 million), including the debts (which account for half of the amount), Danish media reports.
The seller is DCH International group, held by Danish individuals and companies, according to the available information. DCH International has operations only in Romania after having dropped its Canada business in 2015, which it had started in 2001. Denmark is only where its headquarters are.
Premium Porc turned out about 400,000 pigs in its swine farms in Vrancea, Constanta, Olt, Sibiu and Braila. Premium Porc also provides the food for its swine, as it grows grain on about 2,000 hectares of land in Vrancea County and then processes the harvest in its combined feed plants in Constanta and Vrancea.
Premium Porc includes 11 companies with swine farming, animal feed, grain, freight transportation and project management for investment projects, its officials said.
(English version by Loredana Fratila-Cristescu)