Agrofert, a company based in the Czech Republic, receives authorization to acquire a farm of 7,000 hectares in Romania.
In a significant move for Romania's agricultural industry, Agrofert, a prominent player in the sector, has acquired MarAgro farm in Timișoara through its subsidiary, East Grain. The transaction, which was approved by the Competition Council, marks the most significant foreign investment in Romanian agribusiness in the last year.
The MarAgro Group, now under Agrofert's control, cultivates a total area of 7,000 hectares, primarily focused on cereals. The East Grain farm in Timișoara, the details of which were not previously disclosed, is not explicitly mentioned in terms of its size or focus.
Agrofert, controlled by former prime minister Andrej Babis, has a history of involvement in the agricultural sector, specializing in various crops and related byproducts. The company has previously made headlines with its acquisitions, such as the 65% stake in the Cluj-Napoca-based company East Grain last year.
The East Grain group, of which East Grain is a member, is active in the agricultural sector, particularly in Romania, Hungary, and Serbia. The group is involved in the distribution of agricultural inputs for farmers, the acquisition and marketing of cereals and oilseeds, and the provision of logistics services.
In addition to its farming operations, MarAgro Group also engages in the production, selection, and distribution of seeds for crops. They operate a state-of-the-art seed selection and treatment plant, enhancing their role in the agricultural supply chain.
East Grain, on the other hand, specializes in the origination, trading, and logistics of grains and oilseeds. They provide comprehensive logistics and storage services, supporting the agricultural industry with infrastructure and supply chain management. East Grain also offers processing and integration services, helping to streamline agricultural operations from production to distribution.
With its strategic position in Romania, Hungary, and Serbia, East Grain leverages its market reach and investment capabilities to enhance agribusiness operations across Central Europe. This acquisition by Agrofert is expected to further strengthen East Grain's position in the region.
Unfortunately, specific financial details about the transaction between Agrofert, East Grain, and MarAgro are not available at this time.
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Agrofert, with its involvement in various crops and related byproducts, has a strong presence in the agricultural sector and recently made a headline-worthy acquisition of the 65% stake in East Grain, which specializes in the origination, trading, and logistics of grains and oilseeds. This move, expected to further strengthen East Grain's position, marks a significant investment in the Romanian business landscape, particularly in the agricultural sector. Despite the lack of detailed financial information about the transaction at this time, it is clear that both companies, Agrofert and East Grain, are key players driving growth and business innovation in the sector.
