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Kinstellar Advises FirstFarms on Sale of Romanian Operations

Kinstellar Advises FirstFarms on Sale of Romanian Operations

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Kinstellar has advised FirstFarms A/S on the DKK 104 million sale and divestment of its operations in North-Western Romania.

FirstFarms A/S is a Denmark-based investor in agriculture and land in Eastern Europe. Founded in 2006, it operates in Romania, Slovakia, Hungary, and the Czech Republic.

According to Kinstellar, the transaction, which is expected to be finalized before the end of 2021, will allow FirstFarms to invest in further development of its growth strategy, both organically and through acquisitions.

Last year, Kinstellar had advised FirstFarms on the acquisition of agricultural land in Romania from NCH Capital (as reported by CEE Legal Matters on March 11, 2020) and on the sale of a farm in western Romania (as reported by CEE Legal Matters on June 23, 2020).

Kinstellar’s team included Senior Associate Madalina Perte.

Kinstellar did not reply to our inquiry on the matter.

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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