Memorandum of Understanding to develop port in Baltysk in Kaliningrad
Alpcot Agro AB (publ) has signed a non-binding memorandum of understanding with Baltic Oil Terminals Plc (“Baltic”) and Alpcot Capital Management Ltd to develop the port of Baltysk in Kaliningrad, Russia.Baltic is currently operating several terminals for transshipping and storage of hydrocarbons and refined products in the Kaliningrad region. Baltic is interested in expanding its operations in Baltysk, while Alpcot Agro wants to construct a grain terminal in the port of Baltysk. Alpcot Agro has recently acquired 95.2% in BBAH Sweden AB, a company with interests in several farms in