Business news from Ukraine

Business news from Ukraine

BUNGE BUYING STEVEDORING COMPANY IN MYKOLAIV

14 November , 2016  

KYIV. Nov 14 (Interfax-Ukraine) – Ukraine’s Antimonopoly Committee has permitted Koninklijke Bunge B. V. (Rotterdam, the Netherlands) to acquire shares in New European company LLC (Mykolaiv).

The press service of the committee said that the permit grants Bunge over 50% of the votes in the management body of the company.

As reported, the transnational company Bunge has invested $180 million in building a handling complex with an oilseed refinery, oil handling terminal and an expanded grain terminal.

Bunge Ukraine Managing Director Dmytro Horshunov said that the complex continues the company’s strategy aimed at developing infrastructure at Mykolaiv seaport. In 2011 the company built a handling terminal at this port and it expanded Ukraine’s exports capacity by 3 million tonnes a year.

New European company LLC provides cargo handling, storage and loading services. It was registered in 2013. Robertius Investments Limited (Cyprus) owns the company. The ultimate beneficiary is an individual from Cyprus – Atanasia Iakovidu.

Bunge operates on agricultural products and food markets.

The key assets of Bunge in Ukraine are the Dnipropetrovsk oil extraction plant and subsidiary Suntrade (Kyiv).