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Sayenko Kharenko Advises Orexim on Sale of Everi Port Terminal to Glencore Agriculture Limited

Sayenko Kharenko Advises Orexim on Sale of Everi Port Terminal to Glencore Agriculture Limited

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Sayenko Kharenko has advised the Orexim Group on the sale of Ukraine's Everi port terminal to Renaisco B.V., a subsidiary of Glencore Agriculture Limited. Baker McKenzie’s Kyiv and London offices reportedly advised the buyers on the deal.

Financial aspects of the deal were not disclosed.

The Orexim Group is engaged in the export of agricultural products, as well as providing port and logistics services. Starting as a small trading company in 2004, Orexim now has over 1,000 employees and has invested more than USD 100 million into its assets.

The Everi port terminal in Mykolaiv, Ukraine, was built in 2010 and last expanded in 2018. It has a static storage capacity of 160,000 metric tons. Its capacity is up to 1.5 million metric tons of vegetable oil per year for export destinations.

Glencore Agriculture Limited deals in the processing and marketing of agricultural commodities and products. It has operations in more than 35 countries and a workforce of over 16,000 employees.

Sayenko Kharenko’s team consisted of Partners Oleksandr Nikolaichyk, Maksym Nazarenko and Svitlana Musienko, Senior Associate Tymur Enkhbaiar, Associates Sviatoslav Kozak, Ilhar Hakhramanov, and Igor Pomaz, and Junior Associates Angelina Danyleiko and Daria Karlenko.

Editor's note: After this article was published, Baker McKenzie informed CEE Legal Matters that it had advised Glencore Agriculture Limited on the deal. The firm's multi-office team included, in Kyiv, Partner Viacheslav Yakymchuk, Counsel Andrii Moskalyk, Senior Associate Andrii Grebonkin, and Associate Hanna Smyrnova, and in London, Senior Associate Robert Gray.

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AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com


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