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Kinstellar Advises FirstFarms on Sale of Land in Western Romania

Kinstellar Advises FirstFarms on Sale of Land in Western Romania

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Kinstellar has advised Danish agricultural investment company FirstFarms on its DKK 20 million sale of land in Western Romania. Roedl & Partner reportedly advised the buyer.

"The transaction is part of an agreement signed by FirstFarms to divest the farming operations in western Romania," Kinstellar informed. "Once FirstFarms ends operations in western Romania, the company will shift its focus towards crop production in the eastern part of the country."

Founded in 2006, FirstFarms is a Denmark-headquartered company, operating in Romania, Slovakia, Hungary, and the Czech Republic. The company has 16 plant and animal production units, with over 300 employees.

Kinstellar previously advised FirstFarms on the acquisition of agricultural land in Romania from NCH Capital (as reported by CEE Legal Matters on March 11, 2020), on the sale of a farm in Western Romania (as reported on June 23, 2020), and on the sale and divestment of its operations in North-Western Romania (as reported by CEE Legal Matters on July 27, 2021).

The Kinstellar team included Managing Associate Catalin Dinu and Associate Adelina Seserman.

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.

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