Glencore Agriculture completes acquisition of Everi port terminal in Ukraine

The headquarters of Glencore International AG stand in Baar, Switzerland, on Tuesday, March 1, 2011. Glencore International AG, the largest commodities trader, may become only the third company to qualify for early entry to the FTSE 100 Index, potentially boosting demand for the stock from index-tracking funds. Photographer: Gianluca Colla/Bloomberg

UKRAINE – Glencore Agriculture, an exporter of agricultural commodities, has announced that it has completed the acquisition of Everi port terminal in Ukraine from Orexim group of companies.

Everi is a leading vegetable oil export terminal in the city of Mykolaiv, Ukraine, offering storage and loading services to first class international and domestic clients.

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“This acquisition reinforces our long-term commitment to the agriculture sector in Ukraine and establishes Glencore Agriculture as a key and reliable partner within the global vegetable oil supply chain.

“We are excited to operate a best-in-class asset and we remain committed to delivering high standards of service to Everi terminal customers,” said Glencore in a statement.

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

Meanwhile, Glencore Agriculture has also announced that it will rebrand its business to Viterra in late 2020.

“For over 40 years Glencore invested in the business to create one of the world’s leading agriculture networks. With the investment by CPP Investments and British Colombia Investment Management Corporation (BCI) in 2016, we now have three strong shareholders who share our vision for future growth and success,” Glencore Agriculture CEO David Mattiske commented.

“Viterra is a globally recognized brand within the business. It also has a deep connection to agriculture, with Viterra meaning vitality from the earth.

This is an opportunity to unite our business under one brand with a shared purpose and identity. We are planning for a smooth transition to the new brand over the coming months, while for employees and customers it’s business as usual.”

Glencore Agriculture 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, they create value for producers at origin and customers at destination.

Their strategic network of storage, processing and transport assets and infrastructure and strong relationships along the supply chain enable them to meet efficiently and effectively the needs of their customers worldwide.

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