Bucharest Fine Mechanics Co. (Mecanica Fina Bucuresti), a manufacturer of measurement instruments, has set up Itagra, a farming company with a share capital of 3.7 million RON, of which 97 percent consists of a plot of land and buildings of BFM. The establishment of Itagra was decided by the BFM shareholders in March.

BFM holds 99.9 percent in Itagra, of which 98,000 RON was contributed in cash. Itagra is based in Boranesti, Ialomita County, and grows grains, corn and other agricultural plants. Itagra will be run by the Italian-born Sergio Mollo, who also manages Mol Invest, the majority shareholder in BFM.

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