In Slovakia, FirstFarms undertook one of the largest Danish agricultural investments in Eastern Europe with the acquisition in 2005, 2006 and 2007 of three farming companies in Slovakia: Agra M., Mast Stupava and Mlyn, located 20-30 km north of the capital, Bratislava. Here the company operates approximately 9,200 hectares, consisting primarily of leasehold fertile farmland, and has built up a stock of approximately 2,500 dairy cows plus young cattle. The aim is to achieve a stock of 3,200 dairy cows and to attain this objective, the company completed a construction of cattle stables in 2011. The new cattle stables will be able to house 2,700 dairy cows.
In the three companies, FirstFarms has achieved significant progress in terms of efficiency and production by virtue of focused production investments and successful implementation of the business concept, which involves use of Danish agricultural management and know-how. The three companies are being operated together and thus the companies are also achieving economies of scale.
FirstFarms’ activities in Slovakia is shown below:
Source: European Commission
No. 1 - Agra M.
No. 2 - Mast Stupava
No. 3 - Mlyn Zahorie A/S
The three companies are situated close to the international airport in Bratislava and to the great industrial zones, which includes the Volkswagen factories as one the largest businesses in the area. Furthermore there is a relatively good infrastructure in the area and the companies are sited close to the motorway.
Shareholder announcement - Thoraso ApS
Discontinuation of negotiations
Discontinuation of negotiations with DCH International A/S
Allocation of warrants to management and employees in FirstFarms A/S and in the company's subsidiaries and change of Articles of Association