News
02.11.2010
Ukraine. Myronivsky Hliboproduct planning SPO in 2011
Myronivsky Hliboproduct (MHP), a large manufacturer of agricultural products in Ukraine, is planning to conduct a secondary public offering (SPO) in 2011, MHP Chairman Yuriy Kosiuk has said, UKRINFORM reported, with reference to the Kommersant-Ukraine newspaper.
"We have received enough investment in order to complete the existing projects. But we are considering the possibility of conducting an SPO next year. This is required not only to attract investment, but also to support the liquidity of shares. Presumably, the placement [of shares] will be conducted on the London Stock Exchange, but we are also considering another stock exchange, where there is interest in the shares of Ukrainian companies. In any case, a small stake will be sold during the SPO, and free float will be less than a controlling interest. About 75% of the shares currently belong to me, and the rest is free float," Kosiuk said.
In 2008, MHP sold about 19.4% of its shares for USD 323 million during an initial public offering in London, and then another 3% of the shares were sold to investors.
In late September, MHP said it planned to increase poultry meat production by 60% by 2015, to 550,000 tons.
ukrinform
