Avellum has advised the Kernel Group on the acquisition of 100% of shares in Reni-Oil LLC – a sunflower oil transshipment terminal with a storage capacity of 15,000 tons, in the port of Reni, on the Danube – for a consideration of USD 24.75 million.
According to Avellum, Kernel is the world’s leading producer of sunflower oil and Ukraine’s largest exporter. "The transshipment terminal is the only one with proper intake, storage, and off-loading capacities among Ukrainian Danube river ports, allowing the export of sunflower oil even in case of the blockade of the Black Sea ports."
Back in 2022, Avellum had also advised Kernel Holding on the sale of several of its farming entities to a company controlled by Andrii Verevskyi (as reported by CEE Legal Matters on May 6, 2022).
The Avellum team was led by Partner Yuriy Nechayev and included Associates Oleksandr Kozhukhar and Olha Rudevych.