Argentem Creek completed a placement of a $75 million USD investment in December 2019 in to GN Terminals to partner with the management and to strengthen corporate governance and transparency. This placement – obtained from a leading U.S. based Emerging Markets specialist investor, Argentem Creek Partners LP, headquartered in New York – has allowed the Group to acquire a 100% stake in one of the most technologically advanced import/export Port Terminals in Ukraine, located in the Port of Odesa. GN Terminals is focused on becoming the most transparent and well-run port on the Black Sea.
GN Terminals is a privately owned Ukrainian grain handling and trading company that ranks in the top ten exporters. The company, which is the largest operator in the port of Odesa, is focused on growing Odesa throughput, with a goal of breaking in to the top five market payers by 2021.
Source: U.S.-Ukraine Business Council (USUBC)