On 9 May, MHP announced the Initial Public Offering of its ordinary shares in the form of global depositary receipts (the “GDRs”) listed on the London Stock Exchange. MHP is the first Ukrainian agro-industrial company to list on the London Stock Exchange.
As part of this diversification strategy, the group acquired an 80% interest in the meat-processing company, Ukrainian Bacon, to enable it to meet increasing demand for sausages and cooked meat and, as a result, expanded its range of products to include sausages and cooked meat products under the “Bashchynsky” and “Europroduct” brands.
In 2008, MHP became self-sufficient in corn which is the main component of fodder for its chicken and other meat products.
