Trans-Oil Group Acquires Frial Terminal in Constanța Port, Strengthening Strategic Position

Trans-Oil Group Acquires Frial Terminal in Constanța Port, Strengthening Strategic Position

28.10.2024

The Trans-Oil Group is pleased to announce the signing of a Share Purchase Agreement (SPA) for the acquisition of Frial Terminal, located in the Port of Constanța, Romania. The SPA was signed on Friday, 25 October 2024, marking a key milestone in the Group’s long-term strategy to expand its presence in the vital Black Sea logistics hub.

Frial Terminal boasts a transshipment capacity of 1.5 million tons of cereals and 500 thousand tons of vegetable oil, significantly enhancing the Group’s operational capabilities and improving the efficiency of its supply chain. This acquisition will allow Trans-Oil to streamline its logistics and distribution of goods across multiple continents. The closing of the transaction is expected to take place later in Q4 2024, subject to receiving clearance from the Competition Council of Romania.

The Group also contemplates a significant expansion of the storage capacities of the port terminal, which will be financed via a Romanian Government grant awarded to the company by the Ministry of Transportation. This initiative underscores the Group's commitment to strengthening its infrastructure in the region and further boosting its operational capacities.

The acquisition will be financed through a combination of the Group’s internal cash reserves and long-term financing secured from a leading European bank. This investment underlines the Group’s commitment to fortifying its infrastructure and reinforcing its role as a leading player in the agricultural commodities market.

Vaja Jhashi, CEO of the Trans-Oil Group, stated:
“The acquisition of Frial Terminal is a significant step forward in our strategy to expand our footprint in the Port of Constanța and bolster our ability to deliver high-quality goods to our clients worldwide. We are confident that this new addition will further enable us to meet the growing demands of our customers and support our growth objectives in the coming years.”

About Trans-Oil Group
The Trans-Oil Group is a leading agribusiness operator in the Black Sea region, specializing in the production, processing, and trading of agricultural commodities. With an extensive logistics network and deep market expertise, the Group serves clients across several continents, consistently delivering excellence in every aspect of its operations.