Russia. COFCO cancels negotiations for 25% purchase of KSK grain terminal

Chinese grain trader COFCO has stopped negotiations with Russian DeloPorts for the stake purchase in KSK's deep-water grain terminal in Novorossiysk. The Group of Companies Delo, which owns DeloPorts, does not leave plans to sell this package and is talking to other potential buyers, reports UkrAgroConsult.

COFCO planned to buy 25% minus 1 share of the terminal, the controlling stake of which belongs to Delo Group, another 25% minus two shares – from the US Cargill.

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UkrAgroConsult