Trans-Oil Group, Moldova’s leading sunflower processor and trader, signed a Share Purchase Agreement (SPA) on October 25 for the acquisition of the Frial Terminal in Romania’s Port of Constan\u021ba.\u00a0<\/p>\n
The acquisition, facilitated by CEO Vaja Jhashi, aligns with Trans-Oil’s strategy to expand its presence in the Black Sea logistics hub, a critical gateway for the region’s agri-trade.<\/p>\n
“The acquisition of Frial Terminal is a significant step in our strategy to strengthen our footprint in the Port of Constan\u021ba and enhance our ability to deliver high-quality goods globally,” Jhashi said in a company statement. “We are confident this new addition will help meet the growing demands of our clients and advance our growth objectives in the coming years.”<\/p>\n
Trans-Oil has indicated plans to significantly expand Frial Terminal’s storage capacity, funded by a RON 2.1 million (EUR 420,000) grant awarded by the Romanian Ministry of Transportation in 2023.\u00a0<\/p>\n
Frial, previously controlled by Lebanese businessman Fouad Khayat (63.68%) and Allied Invest Group Corporation SAL (32.64%), is a smaller terminal but saw its turnover more than double to RON 10.6 million (EUR 2 million) in 2023.<\/p>\n
Frial Terminal can handle up to 1.5 million tonnes of cereals and 500,000 tonnes of vegetable oil, boosting Trans-Oil’s operational capacity and optimising its supply chain.\u00a0<\/p>\n
Subject to approval from the Romanian Competition Council, the transaction is expected to close in Q4 2024.<\/p>\n
iulian@romania-insider.com<\/em><\/p>\n (Photo source: Transoilcorp.com)<\/em><\/p>","protected":false},"excerpt":{"rendered":" Trans-Oil Group, Moldova’s leading sunflower processor and trader, signed a Share Purchase Agreement (SPA) on October 25 for the acquisition of the Frial Terminal in Romania’s Port of Constan\u021ba.\u00a0 The acquisition, facilitated by CEO Vaja Jhashi, aligns with Trans-Oil’s strategy to expand its presence in the Black Sea logistics hub, a critical gateway for the […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2311","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/2311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2311"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/2311\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}