Acquisition of an operating farm in Romania

Natural Resources
November 16, 2017

Acquisition of an operating farm in Romania

PHI Group has signed an agreement to acquire Majority Interest in Romania-based Maxagro SRL which cultivates 12,000 hectares of land, has 2,000 cows and generates approximately EUR 30 million in revenues.

The Company has until the end of December 2017 to finalize the purchase price and terms of payment for this transaction.