CAIRO, Dec 24 (Reuters) – 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.
(Reporting by Sarah El Safty; Editing by Nick Macfie)
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