U.S. Cargill Inc., a large private company on the global agricultural market and food production, in the coming two months plans to complete preparations for acquisition of shares in M.V. Cargo, which on September 6, 2019 officially launched the Neptune new grain terminal at the Yuzhny port with an annual capacity of 5 million tonnes, Cargill Vice President Roger Janson has said. “Then we move on to acquisition,” he said at a press conference.
Janson said that the contract with M.V. Cargo does not contain time framework regarding the acquisition of the shares.
As reported, Cargill, the Ukrainian Sea Ports Authority and M.V. Cargo LLC (Vizirka village, Lyman district, Odesa region), created by the co-founders of the largest Ukrainian private stevedore TIS Andriy Stavnitser and his older brother Yehor Hrebennikov, in August 2015 signed a tripartite memorandum of intent to implement an investment project in the Yuzhny seaport.
In February 2016, Cargill entered into an agreement with M.V. Cargo to invest $100 million in the construction of a grain terminal and the subsequent acquisition of a 51% stake in M.V. Cargo.