DGAP-News: Agrar Invest Romania AG: Sale of subsidiary


DGAP-News: Agrar Invest Romania AG / Key word(s): Strategic Company
Decision
Agrar Invest Romania AG: Sale of subsidiary

16.01.2015 / 11:00

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Press release, 16 January 2015

Agrar Invest Romania AG, Traunreut

Sale of Zarand Estate S.R.L.

Back in the spring of 2012, Zarand Estate S.R.L., a subsidiary of Agrar
Invest Romania AG, purchased 601 hectares of land in the Foeni region of
Romania. Since then, this land has been leased out. Agrar Invest Romania AG
has now taken advantage of the favourable trend in the price of
agricultural land in Romania and sold Zarand Estate S.R.L. and its 601
hectares of land at a profit at the end of 2014. The parcels of land sold
lie outside the core area in which Agrar Invest Romania AG is mainly
active. The sale price per hectare is more than 50% more than the values
carried on the balance sheet. Managing Director Theo Häni comments: "This
transaction proves that substantial hidden reserves are held in Agrar
Invest Romania AG's portfolio of agricultural land."

Agrar Invest Romania AG will invest the proceeds from the sale of Zarand
Estate S.R.L. in the construction of a logistics centre which will not only
include a silo for storing organic grain, but also cleaning, drying and
disinfestation facilities. This will help to fill a gap in Romania, as the
country does not currently have sufficient storage space for organic
cereals, nor adequate cleaning, drying and disinfestation facilities.
Because buyers of organic cereals want to be able to trace the goods back
to the producer, the storage concept for organic grain is significantly
different from conventional installations.

In addition, the consolidation of plots of land in the Mures Valley will
continue in the coming months, which will also have a positive effect on
the value of this land.

Traunreut, 16 January 2015

The Executive Board



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16.01.2015 Dissemination of a Corporate News, transmitted by DGAP - a
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