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.