Delo Group has completed the consolidation of 100% in KSK Grain Terminal by closing a deal to acquire 25% plus one share stake in KSK, Russia’s largest marine grain terminal, the Group said in a statement. The transaction had previously received all necessary regulatory approvals.
“Roll-up of 100% of KSK shares is in line with Delo Group’s development priorities, as the grain business is one of the key Group’s businesses. The terminal established in Novorossiysk in 2006 has become a leader in grain export transshipment volumes within a few years. Now we keep implementing projects enhancing its capacity and plan to increase it up to 10 million tons in the next few years,” said Ekaterina Lyakhova, CEO of Delo Management Company LLC (the Group’s parent company).
Delo sold a non-controlling share of 25% plus 1 share in KSK to Cargill in 2017.
Photo: courtesy of Delo Group