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.