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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