On 1 September Glencore Agriculture Limited has closed the transaction on acquisition of the port terminal Everi in Mykolaiv sea port, as reported by the company’s Press Office.
The asset was sold by Orexim group of companies. Neither amount nor other details of the bargain are reported.
“This purchase is strengthening our long-term adherence to Ukraine’s agricultural sector and making Glencore Agriculture Limited a key and reliable partner in the global chain of edible oil delivery. We are glad to work with the best asset in its class, and we still strive for providing highest standards of service to the clientele of Everi terminal”, declared the Glencore Agriculture DG David Mattiske.
The port complex Everi is dedicated to storage and transhipment of vegoils. The terminal was erected in 2010, and modernised in 2018. Its annual handling capacity amounts to 1.5M t, and simultaneous storage – 160,000 t.
In August 2020 Anti-Monopoly Committee of Ukraine granted to the company Renaisco B.V. permit to acquire over 50% of the Everi terminal’s authorized capital.
“This bargain has once again confirmed high investment potential of the port industry in Ukraine, as well as showed confidence and high appreciation towards the whole OREXIM team’s work having resulted in creation of a world class terminal”, the OREXIM group’s CFO Tatiana Komarova commented upon the deal.
An investment company Capital Times played the part of OREXIM group’s financial advisor of the vegoils terminal Everi sale transaction.
For some recent years it is already the third transaction of Capital Times in port infrastructure after successful raising of the €31M credit by the Black Sea Trade and Development Bank for construction of a sea grain terminal based on Mykolaiv Cereals Plant, and involving a foreign partner, namely Posco International (Korea Republic) for the mentioned terminal’s further development.
The transhipment complex Everi was built in 2010 and upgraded in 2018. Its storage capacity is 160,000 t, while handling capacity amounts to annual 1.5M t of edible oils.
OREXIM group of companies started from a small trading firm in 2004. For the years passed the group’s business has transformed into a large structure employing some 1,000-strong workforce. The main activities are agriproduct export, port and logistic services.
Glencore Agriculture Limited is a world leader in manufacturing, processing and trading agricultural products and goods. Boasting the assets in more than 35 countries and over 16,000 personnel, the company creates value for manufacturers in the production places and for customers in the destination points.
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