Delo Group Has Rolled Up 100% of Novorossiysk Grain Terminal Shares

Delo Group (Delo Group, the Group) has completed the roll-up of 100% JSC KSK Grain Terminal (KSK) by closing a deal to acquire 25% plus one share stake in KSK, Russia’s largest marine terminal in terms of grain transshipment volumes. The transaction had previously received all necessary regulatory approvals.

“Roll-up of 100% of KSK shares is in line with Delo Group’s development priorities, as the grain business is one of the key Group’s businesses. The terminal established in Novorossiysk in 2006 has become a leader in grain export transshipment volumes within a few years. Now we keep implementing projects enhancing its capacity and plan to increase it up to 10 million tons in the next few years,” said Ekaterina Lyakhova, CEO of Delo Management Company LLC (the Group’s parent company).