MHP acquires 80% of Ukrainian Bacon
9 July 2008
Mironivskiy Hliboproduct (MHPC LI: N/R) announced today that it has acquired an 80% stake in Ukrainian Bacon, a meat production company, for USD 25 mln. The majority of the purchase price was directed at settling Ukrainian Bacon’s existing liabilities. Ukrainian Bacon’s current production capacity is ~50 mt of meat per day and the daily production capacity is expected to reach 200-250 mt within next 2-3 years.
