Cargill to sell stake in Russian grain terminal

Cargillhas agreed to sell its stake in a Russian grain terminal to theDelo Group, a Russian transport and logistics holding company.

"In line with Cargill’s earlierannouncement to stop the export of Russian grainin July 2023, we can confirm we have reached an agreement with Delo to sell our 25% stake in ourKSK粮食码头in Novorossiysk," the company toldReuters.

Cargill said the sale was contingent on Russian government approval. A company spokesperson declined to give financial details of the deal.