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FirstFarms Agro East SRL.

Description

 FirstFarms Agro East srl. is in the agricultural business (7,200 hectares of land in operation, of this 5,000 hectares in ownership) and is a subsidiary of the Danish company FirstFarms A/S, who is listed on OMX stock exchange and has approx. 3,000 shareholders FirstFarms invests in farming companies and land in Eastern Europe, where favorable cost, production and sales conditions provide the foundation for continued high operating earnings. In addition to a return on invested shareholders' capital, FirstFarms expects over time to be able to realise capital gains in the form of increases in the value of land and tangible assets, but these potential gains are not included in FirstFarms' financial budgets. FirstFarms wishes to utilise the significant economies of scale that exist in agricultural production in Eastern Europe. FirstFarms' goal is to diversify the portfolio of farming companies both geographically and operationally, in order to spread the risk in the company.