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Eterna Law

SOPHIA BUSINESS CENTER, 6 RYLSKIY LANE, 01601 KYIV, UKRAINE
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Almaty, Kiev, Moscow

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AstapovLawyers advised a vendor in the sale of 100% interest in a...

October 2012

Russian deep-water grain export terminal in Taman port

AstapovLawyers International Law Group advised a vendor in the sale of 100% interest in a Russian deep-water grain export terminal in Taman port, one of the largest and strategic deep water grain export terminals on Russia’s Black Sea coast.

AstapovLawyers International Law Group advised a vendor in the sale of 100% interest in a Russian deep-water grain export terminal in Taman port, one of the largest and strategic deep water grain export terminals on Russia's Black Sea coast. The team of lawyers handled the transaction, including negotiations, transaction documents drafting and vendor due diligence.

The deal was closed on September 27, 2012. The Taman terminal was acquired by a 50-50 joint venture, created by Kernel Holding S.A. and Renaisco BV, a subsidiary of Glencore International plc. The enterprise value was US$265 million, including transaction costs, financed with a combination of equity and debt.

"The team involved showed an outstanding performance and high-quality knowledge of this type of transaction. This comes as another proof of our indisputable expertise in the field of cross-border M&A of major landmark infrastructure objects", - commented Andrey Astapov, Managing Partner of AstapovLawyers.

"It was a very complex project as we were involved at all of its stages: from land allotment for construction to sale to a strategic buyer, which required profound technical knowledge from our side", - commented Oleh Malskyy, a Partner with AstapovLawyers.

Legal support of the client was handled by Andrey Astapov, Managing Partner, Oleh Malskyy, Partner, Oleh Beketov, Partner, Ivan Lishchyna, Senior Associate, and Maksym Uslisty, Senior Associate.


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