World Grain - August 2015 - 14

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Fairfax India to acquire National Collateral
TORONTO, ONTARIO, CANADA - Fairfax India Holdings Corp.
announced on July 20 that, through its wholly-owned subsidiary Fairfax India Holdings Mauritius Investments Ltd., it has agreed to acquire approximately 74% of National Collateral Management Services
Limited for an aggregate investment of approximately INR 8 billion
(approximately $126 million). The transaction is subject to customary
closing conditions and is expected to be completed later in 2015.
National Collateral is a leading private-sector agricultural commodities storage company in India that has operated for over 10
years and is now preparing to expand to take advantage of the sigQL¿FDQWPDUNHWSRWHQWLDOLQ,QGLD¶VXQGHUGHYHORSHGDJULFXOWXUDOVWRUage industry.
The company operates in the mid-stream agriculture value chain
by offering end-to-end solutions in grain procurement, testing, storDJHDQGFROODWHUDOPDQDJHPHQW$VDUHVXOWRIUHFHQW¿VFDODQGQRQ
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National Collateral (www.ncml.com) are enhancing the range of solutions provided to Indian farmers, traders, food processors, banks
and governments and to the businesses connected to the agriculture
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achieve its stated national objective of greater food security.
"We are looking forward to investing in National Collateral which,
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Kaul, will continue to build on its position as the largest privatesector agriculture warehouse and grain collateral storage company in
India," said Prem Watsa, chairman of Fairfax India.
"National Collateral has an impressive management team, and our
long-term approach to investing will allow it to take advantage of the
substantial market potential in India by offering competitive, marketGULYHQVROXWLRQVIRU,QGLD¶VDJULFXOWXUHZDUHKRXVHDQGJUDLQVWRUDJH
industry. In researching this investment, we had the advantage of
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largest grain storage company, which has been in business for over
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services of IDFC Securities Limited. I am particularly pleased that,
in addition to being a tremendous investment opportunity, National
Collateral will be at the forefront of a market-driven solution that
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food security for the country."
Following the investment by Fairfax India, National Collateral
will continue to operate independently under the leadership of Kaul
and his executive team. Fairfax India will also collaborate closely
with the continuing National Collateral shareholders, which include
1DWLRQDO&RPPRGLW\DQG'HULYDWLYHV([FKDQJH/LPLWHGDQGDQXPber of Indian banks.

Nibulon increases cargo transportation
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about 1.5 million tonnes of agricultural commodities in the 201415 marketing year. In the 2015 navigation season (as of July 15),
Nibulon made 77 cargo trips along the Dnipro and the Southern Bug
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Nibulon plans further extension of transportation volumes. ManDJHPHQWVDLG8NUDLQHKDVDJUHDWSRWHQWLDOWRUHRULHQWLWVRZQORJLVWLFVLQIUDVWUXFWXUHWRZDWHUWUDQVSRUWDWLRQWKDWLVPRUHHI¿FLHQW7KH
company aims to bring its transportation volumes and export shipPHQWVXSWRPLOOLRQWRQQHVLQWKHPDUNHWLQJ\HDUDQGXS
to 5 million tonnes within the next three years.
"On Aug. 1, the company will start dredging along the Southern
Bug so that in August our new non-self-propelled vessels and the
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9DGDWXUVN\\DWWKHPHHWLQJZLWKWKH0LQLVWHURI$JUDULDQ3ROLF\DQG
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14

NIBULON's cargo fleet has utilized Ukraine's waterways to increase agricultural commodity transportation, and the company expects to further
increase its grain handling through a series of infrastructure investments on
Ukraine's waterways.
Santierul Naval Constanta shipyard in Romania. It is the most proGXFWLYHWUDQVVKLSPHQWFUDQHLQ8NUDLQH7KHFUDQHFORVHGWKH
PDUNHWLQJ\HDUZLWKD¿JXUHRIPLOOLRQWRQQHVRIDJULFXOtural commodities transshipped for export and crossed the 2-milliontonne mark of grain and oilseeds loaded.
August 2015 / World Grain / www.World-Grain.com
http://www.World-Grain.com http://www.ncml.com http://www.World-Grain.com
World Grain - August 2015

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