Risoil to buy a logistic company Boconti Ukraine in the Port of Chernomorsk in Odessa region

Risoil to buy a logistic company Boconti Ukraine in the Port of Chernomorsk in Odessa region

Risoil S.A. was granted permission by the Antimonopoly Committee of Ukraine (AMCU) for the acquisition of a stake in the share capital of Boconti Ukraine LLC, “ensuring an excess of 50% of the ...

Risoil Group, the main operator in Chernomorsk Port, plans to invest $ 20 million in the equipment of technological lines to expand transshipment and storage capacity for both import and export cargo. The Company also envisages increasing the number of staff to 250 people.

Risoil S.A. was founded in 2000 in Geneva (Switzerland) by the Ukrainian entrepreneur Shota Starina Khajishvili. It is the holding company of a group of agricultural manufacturing companies, in Odessa Region, dealing with:

  • Logistics of vegetable oils, bulk and general cargoes in the ports of the Black Sea;
  • Production and sale of vegetable oils;
  • Storage of grains and oilseeds in containers;
  • Transshipment, storage and processing of agricultural products.
  • The Group’s terminal in the Port of Chernomorsk, Risoil South, provided for the transshipment of a million tons of vegetable oil over 6 years.

In April 2020, RISOIL acquired the equity rights of TK Exim Oil, a company which leases a liquid cargo base in the port of Chernomorsk, connected to the oil storage tanks of the Risoil terminal.

Bokonti Ukraine LLC is a company dealing with transhipment and storage of bulk cargo and operates one of the most important ore complexes in the Port of Chernomorsk. The ownership of Boconti Ukraine belongs to the Bulgarian entrepreneur Borislav Rumenov Borisov. The company is specialised in storage services. Other activities include:

  • wholesale of grain, untreated tobacco, seeds and animal feed;
  • wholesale of dairy products, eggs and edible oils and fats;
  • non-specialized wholesale of food, beverages and tobacco products;
  • cargo handling and other accompanying services in transportation.

The Company’s strengths:

  • transhipment of bulk cargoes – up to 2 million tons per year;
  • cargo loading and shipment on gondola cars in the import mode (200 gondola cars per day);
  • simultaneous open storage – up to 200,000 tons of bulk cargo;
  • acceptance of Handymax type vessels with a draft of up to 11.2 m, a length of up to 220 m and a carrying capacity of up to 50,000 tons;

The intensity of fleet processing is up to 20,000 tons per day. According to the State Property Fund, in 2019 the company paid 14.6 million hryvnias for rent in the Port of Chernomorsk.

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