Mon, May
56 New Articles

Kinstellar Advises FirstFarms on Sale of Farm in Western Romania

Kinstellar Advises FirstFarms on Sale of Farm in Western Romania

  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

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

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

Firm's website.

Our Latest Issue