Sunolta acquired technological facilities for transshipment of grain at the terminal in Odesa
14.03.2023 - 14:10
The Sunolta group of companies acquired technological facilities for transshipment of grain crops for export at the terminal in Odesa port.
Sunolta acquired part of the logistics port facilities and equipment belonging to the GNTGroup company (grain terminal “Olympex Coupe International”) and which were pledged by Ukrainian banks for debt obligations, the press release of the group of companies says.
As USM previously reported, in December 2022, Innovatus Capital Partners accused GNT Group, which owns and operates the grain terminal “Olympex Coupe International” in Odesa , of fraud.
The parties to the conflict announced possible interruptions in the grain terminal. This endangered the shipment of agricultural products of Sunolta, which used the services of this terminal in the port of Odesa.
Considering the situation, the group decided to invest in a grain terminal and expand export potential through its own logistics capabilities.
The purchase of part of the port facilities of “Olympex Coupe International” from creditors allows Sunolta to receive a full range of stevedoring services without interruption when exporting its own products.
“By investing in port assets, Sunolta implements the strategy of expanding logistics capacities, significantly strengthens its position in the agricultural market, ensures business stability and minimizes the risks of exporting its own products,” the press release said.
Sunolta is also considering the possibility of further investment in the expansion of logistics capacity in the Odesa port.
