South Korean POSCO Daewoo will acquire a 75% stake in a grain terminal in Ukraine


The decision to purchase a 75% stake in the grain terminal in Ukraine was made by the largest trading company in South Korea, POSCO Daewoo, Reuters writes, citing a report from the National Investment Council of Ukraine. The construction of the terminal, where it is planned to process about 2.5 million tons of grain per year, is carried out in the port of Nikolaev. Its commissioning is scheduled for July 2019. According to the agreement signed by POSCO Daewoo, the South Korean company will operate the terminal together with the Ukrainian operator Orexim Group. Ukraine, through ports of which about 95% of grain exports are exported, collected a record 70 million tons of grain last year.

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