Sayenko Kharenko advises Orexim on the sale of leading port terminal to Glencore Agriculture Limited

Sayenko Kharenko advises Orexim Group (Orexim), a major Ukrainian logistics group, on the sale of a port terminal “Everi” (Everi) to Renaisco B.V., a subsidiary of Glencore Agriculture Limited.

Sayenko Kharenko provided the full-scope sell-side legal support for the transaction, including advising on complex corporate law matters, drafting and negotiating transaction documents, obtaining merger clearance from the Antimonopoly Committee of Ukraine, providing deal implementation support, pre-completion and completion assistance to the Seller.

“We are proud to complete one of the largest port infrastructure deals over the last few years and one of the largest Ukrainian M&A deals in 2020. Completion of this transaction represents another step of our group toward continuing development in other business areas,” commented Alexander Khudolei, the CEO of Orexim Group.

Orexim is engaged in export of agricultural products, as well as providing port and logistics services. Starting as a small trading company in 2004, Orexim has developed into a large entity with over 1,000 employees. During the period of its development, Orexim has invested more than USD 100 million into its assets.

Everi terminal facility was built in 2010 and last expanded in 2018. It has a static storage capacity of 160,000 metric tonnes (mt). The Everi port terminal has capacity to load up to 1.5 million mt of vegetable oil per year for export destinations.

Glencore Agriculture Limited is a global leader in the origination, handling, processing and marketing of agricultural commodities and products with operations in more than 35 countries and a workforce of over 16,000 employees.

Sayenko Kharenko’s corporate and M&A team was led by partner Oleksandr Nikolaichyk and associate Ilhar Hakhramanov, with support from senior associate Tymur Enkhbaiar, associate Sviatoslav Kozak and junior associates Angelina Danyleiko and Daria Karlenko. Associate Igor Pomaz advised on the antitrust matters under the supervision of partner Maksym Nazarenko. Partner Svitlana Musienko advised on the tax matters.