Holde Agri Invest acquires a new farm in Teleorman County

Mihai-Alexandru Cristea 10/01/2022 | 18:30

Holde Agri Invest SA, a Romanian company operating farmland, announces the acquisition of a new farm in Teleorman county, near Rosiori farm. The farm covers an area of approximately 440 ha of hectares of land. The value of the transaction amounts to about 1.4 million lei.

 

We are pleased to begin the year with a new acquisition of a farm and to continue the process of expanding the land operated by Holde. Therefore, we currently operate over 12,000 ha of land and are in no doubt about the prospects of our farms. For 2022, through the extension of the operated land area we plan to reach four Holde core farms and continue additional investments in equipment and silos and irrigation systems. Our expansion and development plans involve high costs. However, we already know extremely well the field in which we operate, and we are aware that without such investments, both in farms and in their endowment, we cannot make modern and profitable agriculture for our shareholders,” stated Liviu Zagan, CEO of Holde Agri Invest.

The 440 ha of land of the recently acquired farm are positioned among the existing land area that Holde already operates in the Rosiori core farm. Following this acquisition, the Rosiori core farm covers a total area of approximately 4,000 ha, and the company estimates an increase in productivity in the coming years. On the new land, for the agricultural year 2021-2022, Holde envisages the production of crops, such as wheat – 86 ha, corn – 118 ha, and sunflower – 236 ha.

Holde Agri Invest shares have been floating on the AeRO market of the Bucharest Stock Exchange since October 1, 2020, and are traded under the HAI ticker symbol. The company has a market capitalization of over 100 million lei, and starting with October 11, 2021, HAI shares are included in the BET-AeRO index developed by BVB for the AeRO market. In this index, Holde holds the second largest share.

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Mihai-Alexandru Cristea | 22/12/2021 | 14:16
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