The Danish farming company FirstFarms announced that it reached an agreement to sell its assets in northwestern Romania, some 2,400 ha of land, for nearly EUR 14 mln, Profit.ro reported.
Located in Kaduna State, the 200-hectare farm, scheduled to open in 2022, will have housing for 400 dairy cows, modern milking parlors and technology, grass lands and living facilities for 25 employees.
FirstFarms, controlled by Danish investors, has consolidated its position in the eastern part of Romania, where it owns silos with a capacity of 20,000 tonnes, by taking over lease contracts for 400 hectares.
In connection with the acquisition, the Danish company expands the Group’s arable land bank in Poland through a 20-year lease agreement for 530 hectares of land nearby.
Macquarie-backed Viridis Ag has bulked up its national broadacre cropping portfolio, buying a 356-hectare property in Belubula Valley, amid a steady stream of blue-chip farming deals in Australia.
The Danish company's West Romania operations constitute 5 percent of FirstFarms’ total turnover and the company says it has not delivered satisfactory operating results the latest years.
FarmCompany, a farmland investment company owned by investors from England, Hong Kong and the Netherlands, adds a 545 ha dairy farm to its portfolio of farms covering 1,605 ha across Denmark.
Ingleby group is owned by the Swedish billionaire family of Hans Rausing. The group exploited over 100,500 ha of land worldwide, of which 81,500 ha farmland and 7,261 ha forest.
