AMCU approved purchase of Neptune grain terminal by Cargill and Arya
The Antimonopoly Committee of Ukraine (AMCU) authorized Cargill for the joint acquisition of Neptune grain terminal in Pivdenny port (Odesa region).
"Cargill International Luxembourg 2 S.à.r.l. (Luxembourg, Luxembourg) is granted approval to acquire jointly with Arya S.A. (Luxembourg, Luxembourg) control of Neptune Port Holding B.V. (Amstelveen, Netherlands)," the regulation reads.
Neptune started operations in test mode in June 2018. More than 2.5 mln t of agricultural commodities were transshipped by the terminal in 2019/20. It was officially commissioned on Sep. 6, 2019.
The designed capacity is 5 mln t of grain per year. The terminal's storage capacity is 290 thou. t in a warehouse and in 14 silos.
The terminal was created in cooperation with IFC and the EBRD.
As a reminder, since the start of 2020/21, staple grains export shipment from Ukraine has reached 7.05 mln t.