Russia's VTB says considering buying grain terminal at Taman port

Kernel Holding SA

05/06/2019 17:33

ST PETERSBURG, June 5 (Reuters) - Russia's second largest
lender VTB  VTBR.MM  is considering buying a stake in Russia's
Taman port grain terminal, first deputy chief executive Yuri
Soloviev said on Wednesday.
    The state-controlled bank wants to create a
vertically-integrated player on the grain market, he said,
adding that this would support the expansion of the Russian
grain market's export potential. VTB has been expanding its
holdings in grain infrastructure in recent months.  urn:newsml:reuters.com:*:nL8N23A1KM 
    Earlier Russian daily RBC reported that VTB was discussing
the acquisition of a 50% stake in Taman grain terminal from
Ukraine's agricultural firm Kernel  KER.WA .  urn:newsml:reuters.com:*:nL5N22613H

 (Reporting by Tatiana Voronova; Writing by Polina Ivanova;
Editing by Maria Kiselyova)
 ((p.ivanova@thomsonreuters.com))