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Avellum Advises Kernel on Acquisition of Danube Sunflower Oil Transshipment Terminal

Avellum Advises Kernel on Acquisition of Danube Sunflower Oil Transshipment Terminal

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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.

Ukraine Knowledge Partner

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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