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Southeast Europe
August 2, 2019 www.intellinews.com I Page 12
Chinese fund pays €60mn for grain silos and logistic hubs
in Romania
bne IntelliNews
Chinese investment fund CEE Equity Partners, advisor to China’s Central and Eastern Europe Investment Co-operation Fund II (“Fund II”), has announced that it paid €60mn under a deal signed in April with Romanian major agribusiness group Brise, Ziarul Financiar daily wrote.
CEE Equity Partners announced in a press release that it acquired 15 grain silos and logistics hubs from Brise Group, which “are now held by Bristol Logistics SA (BL).” Part
of the €60mn, namely €25mn, is to flow into
a new company established by Brise in partnership with CEE Equity Partners (most likely Bristol Logistics), while the remaining €35mn flows to Brise directly, ZF daily disclosed.
The assets are strategically located throughout the most productive agricultural areas in the country and have multimodal connections that allow road, rail and/or water trans-shipments directly within the properties. The assets will be modernised and upgraded to enhance the discharging and loading rates, improve storage and treatment related services as well as traceability.
Brise Group is one of the most important independent grain traders in Romania, and will from now on be a valued grain origination client of Bristol Logistics’ infrastructure platform – the first of its kind in Romania – open to all farmers and traders operating within the catchment areas served by BL’s growing network.