Aequo advised Posco Daewoo, Korea's largest trading company with over USD 21 billion annual revenue, regarding Ukrainian law matters in connection with the acquisition of a grain export terminal located in Mykolaiv, Ukraine. When completed in July, the terminal is to have an annual storage capacity of 2.5 million tons of grain.
With the mentioned deal, Posco Daewoo will become the first Korean firm operating a grain terminal overseas, thus exercising control over the entire supply chain of grain produced in Ukraine and managing more efficient inventory.
Through over 87 of its global networks, Posco Daewoo engages in the trading of a wide range of products from steel, automotive and components, machinery and industrial electronics to non-ferrous metal, food resources, chemicals, commodities and textiles, with both local and international customers.
Aequo project team included partner Anna Babych, of counsel Oksana Krasnokutskaya, counsel Michael Lukashenko and senior associate Mykhaylo Soroka who advised the client on various corporate matters in connection with the transaction.
“We are honoured to have assisted Posco Daewoo in this remarkable deal. Investment in Ukrainian agricultural sector by powerful global players proves their confidence in the country’s economic potential and encourages further positive developments in this area and we are happy to be the part of such strategically important processes for Ukraine,” comments Anna Babych, Aequo’s partner, head of Corporate/M&A.