Control of Polish Grain Terminal BTZ Transfers to Bunge and CM Holding

The European Commission has officially approved the acquisition of joint control over the Baltic Grain Terminal (BTZ) in the Polish port of Gdynia by international agribusiness leaders Bunge Global SA and CM Holding A/V. The transaction aims to modernize the terminal and significantly increase its grain handling capacities.

The decision was adopted by the European regulator on October 13 in accordance with the European Union regulation on the control of concentrations between undertakings. In addition to shifting management structures, the overarching project entails a comprehensive reconstruction of the Baltic Grain Terminal's infrastructure.

Located in one of Poland's major Baltic ports, the BTZ terminal specializes in handling cereal grains and various other dry bulk cargoes. According to data provided by the Port of Gdynia Authority, BTZ accounts for approximately 10% of the port's total grain handling capacity.

Under a 30-year concession agreement concluded with the port authority, Bunge and CM Holding plan to upgrade the facility extensively. These investments are designed to substantially boost throughput volumes and improve operational efficiency for agricultural exports.

Following a thorough review of the transaction, the European Commission concluded that acquiring joint control over the terminal does not raise competition concerns in the relevant markets. The regulator emphasized that the impact on the competitive environment will be limited, allowing the merger to proceed under standard regulatory procedures.

This regulatory approval clears the path for the companies to advance their investment strategies for developing port infrastructure in Gdynia. Notably, Bunge already maintains a strong operational footprint in Poland's agricultural sector as a major oilseed processor and vegetable oil producer.