MHP S.A. disposed of its Crimean assets

21 February 2017

According to the statement on web-site of the largest Ukrainian poultry producer it disposed of several subsidiary companies registered in Crimea.

In statement it is noted that consideration was equal to the fair market value of these businesses. The proceeds will be applied towards further investment and expansion in MHPs chicken meat production operations and/or expansion of the groups land bank.

We see these news as positive for the group, as normal operations of these assets in Crimea by MHP in short- and middle-term were quite unlikely.

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