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Kinstellar Advises FirstFarms on Sale of Farm in Western Romania

Kinstellar Advises FirstFarms on Sale of Farm in Western Romania

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Kinstellar has advised FirstFarms, a Denmark-based land and agriculture investor in Eastern Europe, on the sale of a farm covering approximately 1,700 hectares in western Romania.

According to the stock exchange release of FirstFarms, the value of the transaction is DKK 85 million, or approximately EUR 11.4 million.

Anders Norgaard, CEO of FirstFarms, says that “with this sale we are realizing 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 realized through this sale."

Kinstellar’s team was coordinated by Partner Razvan Popa and included Senior Associate Stefanita Georgescu and Associates Ana-Maria Mustatea and Madalina Perte.

Kinstellar was unable to disclose information about the buyer or its counsel.

Romanian Knowledge Partner

MPR Partners is an internationally recommended and repeatedly awarded Romanian law firm providing integrated legal, tax advisory and insolvency services in all areas of interest for businesses and public administration. 

MPR Partners covers all major Romanian regions as well as the Republic of Moldavia, either directly or through carefully selected and closely coordinated correspondent offices. In addition, the firm has the infrastructure required to coordinate advice in multiple countries through highly reputed international networks of specialists ensuring high end services. 

Firm’s clients (multinational corporations, sound Romanian companies, private investors, public authorities and State companies) recommend MPR Partners | Maravela, Popescu & Asociatii as “A reliable team providing a high standard of work.” (quote by Chambers and Partners), having consistently endorsed the outstanding quality of services provided, flexible approach, responsiveness as well as the friendly working climate. 

More client feedback and further information on MPR Partners can be found at www.mprpartners.com.

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