Baker & McKenzie advises Cargill on construction of port terminal in Yuzhni, Ukraine
Baker&McKenzie, Kyiv, Ukraine,
Wed, Feb 24, 2016
Kyiv, Ukraine, 24 February 2016 – The Kyiv Office of Baker & McKenzie is acting as Ukrainian legal counsel to Cargill, a leading international agricultural company, in respect of an agreement between representatives of Cargill and MV Cargo to enable the construction by MV Cargo of a new port terminal in Yuzhni, Ukraine. The investment will be worth around USD $100 million.
The new terminal will allow for the handling of large vessels, delivering Ukrainian grain to markets all over the world. Construction of the terminal will begin on 27 February 2016 and is expected to be completed by the spring of 2018.
Commenting on the transaction, Olyana Gordiyenko, Partner of Baker & McKenzie, noted: "We are honored to support Cargill on one of its milestone investments into the Ukrainian agricultural sector, and to contribute to the upgrade of Ukraine’s port infrastructure. We have been working towards this moment for quite some time and are committed to supporting the investment through to ribbon cutting".
The Baker & McKenzie cross-border transaction team was led by Partner Nick O'Donnell in London and Olyana Gordiyenko in Kyiv, with key input in the Kyiv Office from Olena Kuchynska and Nadiia Filozop. ***
Cargill provides food, agriculture, financial and industrial products and services to the world. The Company has 150,000 employees in 70 countries, who are committed to feeding the world in a responsible way, reducing environmental impact and improving the communities.
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