The value of the transaction has not been disclosed.
Agroport is an agribusiness created by Romanian Florin Radu and which reached the umbrella of Canadian Agrium Group in 2014, in Romania. Agroport manufactures and distributes fertilizer under the Nutrien brand.
Canadian Agrium Group operates globally and had a turnover of $19.6 billion (EUR17.7 billion) in 2018. The Canadian group entered the Romanian market in 2009, and in 2014, it was one of the leading players on the local agribusiness sector, boasting a turnover of over EUR100 million from the sale of chemical fertilizer and from the acquisition of grain and oil seeds for export.
Turkey’s Tekfen Holding Group operates in three major sectors: agribusiness, real estate and contracting, with 40 companies and 12 divisions globally, according to data on the company’s website. In 2018, the group had 1,140 employees and total assets of TRY2.96 billion (nearly EUR460 million).