TC Capital acquires a 6,550-hectare farm in Timiș county following 23.5 million Euro transaction
The Diplomat | 4 September 2020

TC Capital acquires a 6,550-hectare farm in Timiș county following 23.5 million Euro transaction

 
TC Capital invests 23.5 million Euro into the acquisition of a grain and oilseeds farm located in Buziaș, Timiș county. This transaction is the second major agricultural investment of TC Capital after KC Agro, its first agriculture investment in 2014. Both investments are managed by Turkish businessmen Ali Capa and Ertugrul Karaevli.

The property is situated approximately 35 kilometers from Timișoara and was bought from Gespie SAS, a French company. The transaction was concluded in July 2020, with the assistance of Dentons law firm, and the acquisition was partially funded by Libra Internet Bank. This deal is further strengthening TC Capital’s position in the Romanian agricultural sector, in which the company already owns, through KC Agro, two other farms located in Buzău and Brăila counties, totalling circa 2,900 hectares.
 
The farm operates approximately 6,550 ha of arable land and TC Capital’s representatives plan to diversify the operations into value-add intensive farming activities such as blueberry and hazelnut orchards and extensive organic production of grains and oilseeds.
 
Ali Çapa, CEO of TC Capital and Managing Partner of KC Agro: “With the purchase of this new farm, KC Argo’s exploited surface has reached nearly the 10,000-hectare mark, which makes it a notable agricultural player in Romania. Our operations are now distributed in different geographic areas, which makes the management of risks generated by the weather conditions easier. With this new project, we are also aiming to diversify our product mix. Besides conventional production of grains and oilseeds, we want to expand into value-added and high yielding products such as organic production of grains and oilseeds and intensive farming activities, namely the development of orchards in our new farm near Timișoara.”
URL to Article: https://farmlandgrab.org/post/view/29850

Source: The Diplomat 
https://www.thediplomat.ro/2020/09/04/tc-capital-acquires-a-6550-hectare-farm-in-timis-county-following-23-5-million-euro-transaction/