RelatedPosts
Daniel Dines, the co-founder and CEO of Romania-born unicorn UiPath, has acquired a 9.57% stake in native agriculture company RodBun by way of his funding automobile Ice Vulcan Properties Ltd.
The transaction marks the primary direct funding of Ice Vulcan Properties and Daniel Dines in the agricultural sector.
An further stake of 0.23% of RodBun’s shares was acquired by Ionut Sas, VP of Tax for the UiPath international operations.
Founded in 2001 by Alexandru Iancu and Daniel Muntean, RodBun is a Romanian entrepreneurial company that integrates a various vary of merchandise and options for native farmers.
The partnership between Ice Vulcan Properties and RodBun additionally takes into consideration the potential itemizing of RodBun on the Bucharest Stock Exchange. To meet the company governance standards imposed by the capital market, RodBun will appoint a Board of Directors the place Ionut Sas can be proposed as a board member and Daniel Dines can be a everlasting invitee, the company mentioned.
Following the transaction, RodBun Grup S.A.’s shares are owned in equal proportions of 44.27% every by the 2 co-founders, Alexandru Iancu and Daniel Munteanu. Ice Vulcan Properties Ltd holds a 9.57% stake, Ionut Sas holds 0.23% of the shares, whereas the remaining 1.67% of shares are held by RodBun workers (each vested and unvested shares) in addition to by the company.
RodBun specializes in services for Romanian farmers. The most essential exercise of the group is the manufacturing of agricultural seeds. The company owns 4 seed factories, seed farms, a genetic base for corn, sunflower, wheat, alfalfa, peas, soybeans, triticale, in addition to an intensive logistics community all through the nation – for transportation and storage of agricultural inputs in addition to for grain storage.
RodBun additionally operates a sequence of 40 agricultural shops for the normal small farmers (below the RodBun Phytopharmacy model). Moreover, the company distributes agricultural inputs (seeds, pesticides, fertilizers), affords agricultural consultancy and full technological options, and gives harvesting companies in the sphere.
RodBun’s portfolio contains the manufacturers Fertillia – seed vary, Fertilland – foliar fertilizers and Fertillo- stable fertilizers.
“We are thrilled to announce our first transaction in the Romanian agricultural sector by investing in RodBun. We strongly consider that the way forward for agriculture relies on analysis, innovation, digitalization, and sustainability. By making good investments in this course, Romania has the potential to turn into one of many key gamers in Europe in the agricultural sector. RodBun is a singular company on the native market, representing one of many pioneers of the digitalization of Romanian agriculture. We know the strategic significance of the Black Sea agricultural area globally, in addition to the important function of farmers in in the present day’s and tomorrow’s world, particularly in the context of world warming. For this motive, we’ve got chosen to take a position in a company that has the potential to contribute to extra resilient and environment friendly meals techniques, together with in instances of disaster. Our resolution to take a position in RodBun comes from our need to actively assist the strategic plans of Romanian entrepreneurs to turn into important regional gamers,” Daniel Dines mentioned.
“Rodbun is celebrating its twentieth anniversary lately. We enter this partnership contemplating that it ensures a synthesis between our expertise and huge infrastructure in the Romanian agricultural market, on the one hand, and the worldwide imaginative and prescient of Daniel Dines’ workforce, based mostly on excellence in expertise, on the opposite. A standard curiosity in analysis and innovation unites us. We are satisfied, furthermore, that investments in technological options tailored to the brand new local weather actuality will turn into our differentiator in this aggressive and fragmented sector. We look ahead to working with Daniel Dines and Ionut Sas in remodeling RodBun into a major regional participant, which is able to decisively affect the Romanian agricultural sector,” Daniel Muntean, co-founder of RodBun Group, mentioned.
The transaction was facilitated by the regulation agency DLA Piper.
Daniel Dines buys 5% in main Romanian developer One United
(Photo courtesy of the company)
simona@romania-insider.com
Recommend