February 19, 2019 / 6:36 AM / in 5 months

BRIEF-Kernel Holding's Investment Fund Buys Railcar Business In Ukraine

Feb 19 (Reuters) - Kernel Holding SA:

* SAID ON MONDAY IT THAT THE INVESTMENT FUND OWNED BY THE COMPANY ACQUIRED 100 PCT INTEREST IN RAIL TRANSIT KARGO UKRAINE LLC (RTK UKRAINE) FOR US$ 64 MILLION

* THE ACQUISITION SHALL CONTRIBUTE AN ESTIMATED INCREMENTAL EBITDA OF UP TO US$ 20 MILLION ANNUALLY AND PROTECT THE COMPANY AGAINST EVER RISING LOGISTIC COSTS

* IT SHALL ALSO PROCURE THE SMOOTH AND EFFICIENT FLOW OF GRAINS FROM INLAND SILOS TO THE PORTS

* RTK-UKRAINE IS THE OWNER OF 2,949 GRAIN RAILCARS ACCOUNTING FOR NEARLY 15 PCT OF THE MARKET AND MAKING IT THE SECOND LARGEST GRAIN HOPPER WAGON FLEET OPERATOR IN UKRAINE

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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