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Russia. China planning to acquire 25% of a grain terminal in Novorossiysk



Maksym Kharchenko



China’s COFCO wants to buy 25% of a grain terminal from Delo Group in Novorossiysk. The terminal’s grain handling capacity equals 3.5 MMT a year. It is the third largest in Russia. Cargill owns 25% minus one share in the company.

COFCO has no grain handling facilities in Russia, therefore it is considering the possibility to buy the assets. In the grain market, the terminal’s value is estimated at USD 100-150 Ml. Correspondingly, a 25% stake in it could cost China USD 25-37.5 Ml, reports UkrAgroConsult.

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Please be reminded that on September 5, UkrAgroConsult will host a major meeting point of the oilseed industry operators - the 7th International Conference “Black Sea Oil Trade-2019” in Hilton, Kyiv, Ukraine.

‘Black Sea Oil Trade’ conference annually brings together key players of the global agribusiness at the start of a new oilseed season. The goal of the conference is to discuss prospects and directions of the Black Sea and global oilseed market development, exchange international contacts, share recommendations for adapting business strategies in the changing market and global trade.

More than 250 delegates from 25+ countries attend the conference annually. Conference participants are represented by producers and crushers of oilseeds, traders, enterprises for deep processing of vegoils, investment companies, banks, legal, shipping, brokerage, insurance, surveyor and other companies.



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