The CEO and Co-founder of UiPath, Daniel Dines purchases a 9.57% stake in RodBun, one of Romania’s most important players in the agricultural sector, a company that offers a wide range of products and solutions for local farmers. In the same transaction, the UiPath’s Global VP Tax, Ionuț Sas, also bought a 0.23% share of RodBun.
“We are happy to announce our first transaction in the Romanian agricultural sector by investing in RodBun. We strongly believe that the future of agriculture is based on research, innovation, digitalization and sustainability. By making smart investments in this direction, Romania has the potential to become one of the key players in Europe in the agricultural sector. RodBun is a unique company on the local market, representing one of the pioneers of the digitalization of Romanian agriculture. We know the strategic importance of the Black Sea agricultural region globally, as well as the vital role of farmers in today’s and tomorrow’s world, especially in the context of global warming. For this reason, we have chosen to invest in a company that has the potential to contribute to more resilient and efficient food systems, including in times of crisis. The option for RodBun comes from our desire to actively support the strategic plans of Romanian entrepreneurs to become significant regional players”, affirms the CEO of UI Path, Daniel Dines.
The transaction also marks the first investment of Dines in the agricultural sector and was made through Ice Vulcan Properties Ltd, an investment vehicle owned by him.