Ukraine. EBRD may boost financing of Myronivsky Hliboproduct to USD 100 Ml

10.10.2013

The European Bank for Reconstruction and Development (EBRD) is considering the possibility of granting a USD 55 Ml loan to Ukraine’s biggest chicken producer Myronivsky Hliboproduct (MHP). This would increase the financing of the company to USD 100 Ml, the bank’s website says. According to its information, the above money is to be spent on the acquisition of assets in Russia, the grain infrastructure development and the purchase of farming machinery in Ukraine. The projected additional financing of the MHP will be considered by the EBRD Board on October 29. Information of UNIAN. Myronivsky Hliboproduct is a major Ukrainian agricultural producer.

Apart from poultry raising and related production activities, the holding grows corn, sunflower, wheat, rapeseed, fruits and produces beef and sausage items. In the market the holding is represented by the brands such as Nasha Ryaba, Legko!, Druzhba Narodiv, Bashchinsky, Evroprodukt, Certified Angus, Fua Gra. The company’s land bank totals roughly 280 Th ha. In 2008, the MHP S.A. sold about 19.4% of its shares through a London IPO for USD 323 Ml. The EBRD is the largest financial investor in Ukraine. As of August 1, 2013, the bank disbursed over EUR 8.55 Bl (USD 11.4 Bl) for the implementation of 327 projects in Ukraine.

 

 

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