Russia's UGC sets up a joint venture to supply grain to Egypt - Reuters News
25 November 2021
Russia’s United Grain Co (UGC) has set up a joint venture with Egypt’s Astra Ltd to supply Russian grain to the Egyptian market, according to a statement by the company.
UGC, also known as OZK, founded the JV through its Switzerland-based trading branch Grainexport SA.
The new JV will be named Agro Nile and will start operations in the first quarter of 2022.
- Reuters