RISOIL authorized for business acquisition in Odesa region

The Antimonopoly Committee of Ukraine (AMCU) authorized RISOIL S.A. for the acquisition of a share in the authorized capital of BOCONTI Ukraine.

"A permission is granted to RISOIL S.A. (Geneva, Switzerland) for the acquisition of a stake in BOCONTI Ukraine (Odesa, Ukraine), ensuring an excess of 50% of the votes in the company's highest management body," the statement reads.

According to the YouControl analytical system, the ultimate beneficiary of BOCONTI Ukraine is Borislav Rumenov Borisov.

The company specializes in storage services. Other activities include:

• wholesale of grain, untreated tobacco, seeds and animal feed;
• wholesale of dairy products, eggs and edible oils and fats;
• non-specialized wholesale of food, beverages and tobacco products;
• cargo handling;
• other accompanying services in transportation.

In April of the current year, RISOIL acquired the corporate rights to TK Exim Oil in the port of Chernomorsk (Odesa region).

RISOIL S.A. terminal in Chernomorsk, Risoil South, provided for the transshipment of a million tons of vegetable oil over 6 years.