Business news from Ukraine

MHP ALLOCATES UAH 14 MLN TO FIGHT COVID-19

Myronivsky Hliboproduct (MHP) will allocate about UAH 14 million to purchase high-priority equipment for hospitals and personal protective equipment in Cherkasy region.
MHP said on Facebook that on March 19 representatives of Cherkasy Regional State Administration and the agricultural holding developed an operational plan to counter the spread of coronavirus.
“To date, a commission has been created, a headquarters will be created in the coming days,” the company noted.
According to MHP, the priority task for today is the purchase of needed equipment for hospitals and personal protective means. In addition, the company will support the purchase of all necessary devices by involving its specialists from the logistics department.
“The local authorities and MHP are urging other businesses, whose facilities are located in Cherkasy region, to actively participate in reducing the risks of the spread of coronavirus,” MHP said.
MHP is the largest producer of poultry in Ukraine. It is also engaged in production of grains, sunflower oil, meat.

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UKRAINIAN MHP PLACES TEN-YEAR EUROBONDS FOR $350 MILLION WITH YIELD OF 6.25%

Myronivsky Hliboproduct (MHP) has placed ten-year eurobonds for $350 million with a yield of 6.25% per annum. “MHP issued ten-year eurobonds worth $350 million at 6.25% per annum,” a source in banking circles has told Interfax-Ukraine.
The funds will be used to refinance short-term liabilities, including eurobonds maturing in 2020, and general corporate needs.
At present, three issues of the holding’s eurobonds are in circulation: with maturity in April 2020, a coupon rate of 8.25% per annum and a yield of 3.294% per year, with maturity in May 2024, a coupon rate of 7.75% per annum and a yield of 5.902% per year. The last time MHP issued eight-year eurobonds in April 2018 for $550 million with a yield of 6.95% per annum.
MHP is the largest poultry producer in Ukraine. It is also engaged in production of grains, sunflower oil, and meat.

MHP ACQUIRES 90% OF SHARES IN PERUTNINA PTUJ FOR EUR 221 MLN

Myronivsky Hliboproduct (MHP) has announced that it has reached a final settlement price of EUR 221.095 million with Slovenian Steel Group (SIJ) to acquire Perutnina Ptuj, a leading poultry meat and a meat-processing company headquartered in Slovenia.
According to a company report, the price per share is EUR 22.34. SIJ held 9.897 million shares in the Slovenian company. The acquisition was completed in February 2019 subject with final purchase price defined based on audited financial statements of 2018. MHP has now completed this process and has today confirmed a 90.69% stake in Perutnina Ptuj.
“The company is undertaking a full assessment of Perutnina Ptuj’s production facilities and will reveal a full modernisation plan later this year during roadshow/meeting with stakeholders both in Slovenia and London together with top management of both companies,” MHP said.
MHP is the largest poultry producer in Ukraine. It also deals with production of grain, sunflower oil, meat goods.

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MHP TO PAY DIVIDENDS FOR 2018

The Board of Directors of Myronivsky Hliboproduct (MHP) on March 19, 2019 approved the payment of annual dividends in the amount of $0.7492 per share for 2018, which is equal to approximately $80 million and the same as paid last year.
According to a company report on the website of the London Stock Exchange on Wednesday, the announcement will be published in a due course.
As reported, net profit of MHP in 2018 fell by 44.3% compared with 2017, to $128 million.
MHP is the largest poultry producer in Ukraine. It also deals with production of grain, sunflower oil, meat goods.

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MHP SEES 19% RISE IN POULTRY SALES IN Q3 2018

Myronivsky Hliboprodukt (MHP) sold 160,780 tonnes of poultry to third parties in July-September 2018, which it was 19.2% more than a year ago.
According to a company report on the London Stock Exchange (LSE) on Thursday, poultry production in Q3 2018 grew by 10%, to 150,650 tonnes.
In January-September 2018, MHP increased poultry sales to third parties by 7.2%, to 449,220 tonnes thanks to growth in exports sales and following the strategy of poultry meat stock decrease starting from Q3 2018.
Poultry production in January-September 2018 grew by 8%, to 458,540 tonnes due to increased production of heavier chicken and decreased share of thinning as well as due the launch of new rearing sites of Phase 2.

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MHP TO LAUNCH FIRST STAGE OF BIOGAS COMPLEX AT VINNYTSIA POULTRY FARM BY LATE 2018

Myronivsky Hliboproduct (MHP) intends by the end of 2018 to launch the first stage of a 10 MW biogas complex at Vinnytsia poultry farm.
“Investments in the first stage of the biogas complex will amount to about $20-22 million. The second phase is still under development,” financial director of the company Viktoria Kapeliushna told Interfax-Ukraine.
In addition, this year the agroholding continues to invest in the purchase of grain wagons.
“In 2018 we purchased 150 grain wagons and 50 cars last year for a total of about $8 million,” she said.
Myronivsky Hliboproduct is the largest poultry producer in Ukraine. It is also engaged in production of grain, sunflower oil, and meat.
MHP supplies cooled chicken half-carcasses to the European market, which are processed, in particular, at its enterprises in the Netherlands and Slovakia.
The land bank of the company at the end of 2017 was about 370,000 hectares.
The founder and majority shareholder of MHP is Ukrainian businessman Yuriy Kosiuk.

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