Businessman borrows €18 million for agriculture

Several buildings owned by the two companies and Domeniile Coroanei wine stocks, owned by Anghel, will be used as collateral for the loan.

has an agricultural surface of 14.7 million hectares, of which only 10 million hectares are used.

The main producers are Racova Com Agro Pan Vaslui group, owned by Adrian Porumboiu, TCE 3 Brazi, owned by politician Culita Tarata, Agro Chirnogi, and Interagro, owned by the former owner of insurance company Asiron, Ioan Niculae. These companies work on 213,000 hectares.

Cerealcom Dolj administrates 25,000 hectares in Dolj and Olt counties. The company owns a silo network.

Mihai Anghel bought in 2002 Segarcea winery, that includes 270 hectares of vine and a wine cellar formerly owned by the Romanian Royal Family.