MHP obtains a EUR 85 mln loan from the EIB for CapEx

Ukraine’s largest poultry producer MHP (MHPC LI) obtained a 10-year loan of EUR 85 mln, the Interfax-Ukrayina news agency reported on Dec. 2. The interest rate on the loan, provided by the European Investment Bank, hasn’t been disclosed. The purpose of the facility is to finance new silos in western Ukraine and expand production capacities. As the company’s CFO commented to the press, the capacities of new grain elevators will depend on the extent to which MHP will increase its land bank.