Delo Group to acquire a 25% stake in KSK Grain Terminal from Cargill.

Delo Group, a Russian transport and logistics holding company, agreed to acquire a 25% stake in KSK Grain Terminal, a container terminal of Novorossiysk Sea Port, from Cargill, a global food corporation that provides agricultural and financial services. Financial terms were not disclosed. The sale of the stake in the KSK grain terminal in Novorossiysk comes after the trader pledged in March to halt purchases for export in the country from July. International traders Viterra and Louis Dreyfus also exited the Russian grain export market in quick succession earlier this year, after local officials and influential industry voices called for foreign influence in grain trade to be limited.