The Kernel company acquired a sunflower oil transshipment terminal in the Pivdennyi seaport at the end of 2022.
The company stated this in its report, the CFTS portal writes, citing the Latifundist publication.
"Kernel successfully completed the acquisition of a 100% stake in an edible-oil transshipment terminal located in the port of Pivdennyi in December 2022," the report states.
The terminal cost USD 19.8 million.
According to the report, the terminal has the capacity to store 49,400 tons of sunflower oil.
As the CFTS portal reported earlier, the Risoil company previously built and owned the acquired terminal.
"The oil terminal that we built from scratch in Pivdennyi in 2013 was officially sold to another company last year. It gained the corporate right to manage the complex at its own discretion, which is what most likely happened. We can only add that we made our decision at the time based on the need to focus on the Risoil group of companies’ investment projects currently in the implementation stage," Risoil said, explaining the situation to the CFTS portal.
"We wish the terminal and its team continued success," the company added.
Before the start of the full-scale war in Ukraine, the Kernel agricultural holding was the world’s largest producer of sunflower oil (about 7% of the world’s total output) and its largest exporter (about 12%).
Kernel owns the grain transshipment terminals Transgrain Terminal and Transbalk Terminal in the port of Chornomorsk.