Glencore Agrees 50:50 JV With Kernel to Buy Stake In Russian Terminal
02 Outubro 2012 - 5:54AM
Dow Jones News
LONDON--Swiss commodities trader Glencore International PLC
(GLEN.LN) said Tuesday that it has, through a wholly-owned
subsidiary, entered into a 50-50 joint venture agreement with
Kernel Holding S.A. (KER.WA) to buy an interest in a deep sea grain
export terminal in Taman port, Russia from the EFKO Group for an
undisclosed sum.
MAIN FACTS:
-Grain export terminal has a throughput capacity of 3.0mio mt
per annum and will enable Russian grain to be exported throughout
the year.
-Glencore shares in London at 0820 GMT up 3 pence, or 0.91%, at
345 pence valuing the company at 23.68 billion pounds.
-Write to Ian Walker at ian.walker@dowjones.com
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