East Grain strengthens position in Romania by acquiring controlling stake in Maragro agroholding

Romanian company East Grain SA, part of Agrofert Group, announced the acquisition of 90% of the shares of the agroholding Maragro Group, based in the commune of Giera, Romania. The financial terms of the deal were not disclosed.

According to a statement from East Grain, Maragro owns about 9,600 hectares of farmland, as well as a modern oilseed processing plant and a seed sorting and processing plant.

The founder and co-owner of Maragro Group, Marco Chiaradia, will retain a 10% stake and will continue to participate in the management of the company, ensuring the continuity of the strategic course.

— “This transaction is a strategic step in the development of East Grain and reflects our transition to integrating high-value-added activities throughout the entire agricultural business chain,” the company noted.

The synergy between Maragro’s operational capacity and East Grain’s market reach and investment potential should, according to the parties, contribute to the creation of a more sustainable and competitive agri-platform in Romania.

East Grain, founded in 2007 and based in Cluj-Napoca, specializes in grain and oilseed trading, as well as providing services in logistics, storage, processing and integration of agricultural products. Today, the company is present in Romania, Hungary and Serbia.

The parent company Agrofert, headquartered in Prague (Czech Republic), is a leading agro-industrial holding in Central Europe and one of the largest fertilizer producers in the region. In 2023, Agrofert acquired 65% of East Grain shares.

Tags: Romania