Dunărea Farms British group has come to operate 15,000 hectaresof agricultural land on the Romanian market following theacquisition of another two companies, Aliprod Afumaţi (Dolj county)and Agroservice Piatra (Teleorman county).
"As plots of land in southern Romania are highly fragmented, theacquisition process is extremely difficult, so that only 1,000hectares are held by us, with the rest being leased," Dan Nica,general manager of Agrinatura, the most important company DunăreaFarms owns in Romania, told ZF.
The first acquisition sealed by the shareholder of Dunărea Farms,Spearhead International Limited of Great Britain, was the 70% stakein Agrinatura Nanov from Eugen Pena, general manager ofHidroelectrica, in 2003. Spearhead's shareholders are around 2,000individuals of UK. The deal stood at 30.6m RON (around 8.3meuros).
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