KYIV. July 4 (Interfax-Ukraine) – The Board of the International Finance Corporation (IFC) on July 2 approved the provision of EUR 10-16 million to Danish Axzon A/S, a large pork producer in Poland and Ukraine.
IFC said on its website that the total cost of the project to expand and improve the company’s operations in northwestern Poland and western Ukraine is EUR 179 million. The balance of the project will be financed with loans from other financial institutions and internal cash generation.
Axzon Group develops pig farms in Denmark, Poland, Ukraine and Russia. The company also involved in plant growing, fodder, biogas and electricity production in Ukraine.
Axzon A/S is an integrated pig meat producer that operates in more than 30 pig farms in Poland, around 10 pig farms in Ukraine, and two pig farms in Russia.
The investment holding that unites 90 Danish farmers – Polen Invest A/S – holds 84.67% in Axzon, 6.97% to IFC, 3.91% to Axzon founder and director general Tom Axelgaard via Axelgaard Holding and 4.45% to Danish farmers and their families (76).
Danosha pig company with 100% Danish capital is part of Axzon A/S.
Danosha LLC has been working in Ivano-Frankivsk region since 2004. The company has seven pig farms in Kalush and Halych districts of Ivano-Frankivsk region.
