Schoenherr has advised Trans-Oil Group on the acquisition of Frial Terminal located in the Port of Constanta, Romania.
The transaction remains contingent on regulatory approval.
The Trans-Oil Group is an agribusiness operator in the Black Sea region. The group covers a range of activities, including oilseed crushing, grain handling and storage, international commodities trading, vegetable oil in bulk, bottled oil, and flour production. It owns and operates five oilseed crushing facilities and 46 storage facilities in the Republic of Moldova, Romania, and Serbia.
According to Schoenherr, the transaction marks a key milestone in Trans-Oil’s long-term strategy to expand its presence in the Black Sea, allowing the group to streamline its logistics and distribution of goods across multiple continents. "Frial Terminal, which boasts a transshipment capacity of 1.5 million tons of cereals and 500,000 tonnes of vegetable oil, becomes part of Trans-Oil's export terminals portfolio, which already includes terminals in Reni (Ukraine), Giurgiulesti (Republic of Moldova), Pancevo and Backa Palanka (Serbia). Trans-Oil Group has announced that it is contemplating a significant expansion of the storage capacities of Frial Terminal."
The Schoenherr team included Partner Madalina Neagu and Madalina Mitan and Managing Attorneys at Law Mihaela Popescu and Andrei Muresan.
Schoenherr could not provide additional information on the matter.
