Maxagro Group buys 1,800 ha organic farm for EUR 25 million
The Maxagro group, owned by the brothers Ianco and Ioji Zifceak, which cultivates 10,000 hectares of cereals in Timiș County, entered the ecological agriculture niche by purchasing a farm of almost 1,800 hectares in the same county.
The transaction amounts to almost EUR 25 million, and a large part of the amount is represented by a bank co-financing.
"We purchased a farm that grows cereals in an ecological system for EUR 25 million. It is a farm of almost 1,800 hectares, and we still have another 10,000 hectares that we cultivate in the conventional system", said Ianco Zifceak, shareholder of the Maxagro group.