Calyon press release:
Calyon has been appointed as financial adviser by Frotora Holdings Ltd (the Sponsor), which is owned by Evraz and Revolution! Enterprises. This mandate’s aim is to provide financial advisory services with the aim of raising limited recourse finance for construction of a greenfield coal/iron ore port terminal in Ukraine.
The project consists of the construction, commissioning and operation of a 16 million tpa of iron ore, coal, coke and metal products port terminal. It will be adjacent to the port of Yuzhny near Adzhalyksky Estuary at the Black Sea, 42 km away from Odessa (Ukraine). There is a 65 ha back plot at the disposal of terminal and under conditions of its full development four moorages will be included there. It is anticipated to be loaded with bulk products exported/imported primarily by Evraz.
Evraz Group S.A. is one of the largest vertically-integrated steel, mining and vanadium businesses in the world. Revolution! Enterprises Limited is a privately owned company active in Ukraine.
