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Kinstellar advises FirstFarms on the sale of a large farm in western Romania

Authors:

Răzvan Popa

Ana-Maria Mustățea

Mădălina Perțe

HIGHLIGHT6 July 2020

FirstFarms entered into a conditional sale-purchase agreement on 9 June 2020, and final closing of the deal is expected by end-2020. According to the stock exchange release of FirstFarms, the value of the transaction is DKK 85 million.

Anders H. Nørgaard, CEO of FirstFarms, explains: “With this sale we are realising a significant and satisfactory profit from our development of land in western Romania. I am pleased that the significant hidden values in our land portfolio can be partially realised through this sale”.

Kinstellar’s team in Bucharest was coordinated by Răzvan Popa, Partner, and included, among others, Ana-Maria Mustățea, Associate and Mădălina Perțe, Associate.