Romania: Abu Dhabi group takes over biggest grain farm
Value of the transaction 200 to 250 million euro
04 July, 16:25Agricost has a concession of 56,000 hectares at the Insula Mare a Brailei, "an island on the Danube that has the most fertile land in Romania, until 2032," the portal added.
According to the information circulated on local media in Romania, the value of the transaction could vary from 200 to 250 million euro and it will include only the farming business, not the land, that belongs to the Romanian State. Al Dahra Agriculture may invest up to 500 million euro in five years in the business in Romania, local media added. (ANSA).