Brief: FirstFarms Buys Larger Agriculture In Slovakia

FirstFarms A/S

02/05/2019 09:05

May 2 (Reuters) - Firstfarms A/S  FFARMS.CO :
    * REG-FIRSTFARMS A/S PURCHASES LARGER AGRICULTURE IN
SLOVAKIA AS
PART OF GROWTH STRATEGY
    * PURCHASE PRICE IS DKK 185 MILLION FOR 100% OF SHARE
CAPITAL IN
HOSPODA INVEST A/S.
    * PURCHASE OF HOSPODA INVEST A/S IS IN 2019 EXPECTED TO HAVE
A
POSITIVE INFLUENCE ON FIRSTFARMS A/S' ACCOUNTS.
    * CURRENT DUE DILIGENCE PROCESS MUST BE FINISHED, BEFORE
AGREEMENT
IS FINAL, AND WE EXPECT TAKE OVER IN Q3 2019
    * SYNERGIES TO CURRENT PRODUCTION
    * "THERE WILL BE SIGNIFICANT SYNERGY EFFECTS RELATED TO
FIRSTFARMS
EXISTING PRODUCTION "

Source text for Eikon:  ID:nGNE9LL4z5 
Further company coverage:  FFARMS.CO 

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