Global agribusiness giant has sold its Rostov grain terminal in Russia, Latifundist reported on 26 March.

Rostov’s new owners are Marat Shaydaev and Alexey Chemerichko, former senior managers of Novorossiysk Grain Plant PJSC and United Grain Company (UGC), according to the report.

The sale was agreed for an undisclosed sum, Latifundist said.

The Rostov terminal handles river-sea vessels and has a storage capacity of 42,000 tonnes and a nominal trans-shipment capacity of about 1M tonnes/year, according to the report.

“Previously, Rostov Grain Terminal was a captive terminal. Currently, we are planning to make the terminal accessible to all market players,” Chemerichko was quoted as saying.