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COFCO Withdraws from Talks to Buy Stake in Russian Grain Export Terminal

Company was in talks to buy 25% of KSK grain terminal in Novorossiisk

November 30, 2020

COFCO1

Top Chinese grain trader COFCO has withdrawn from talks to buy a 25% stake in the KSK grain terminal in Russia’s Black Sea port of Novorossiisk, the terminal owner, Russian company Deloports Ltd, told Reuters.

A COFCO International spokesman declined to comment.

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