Ovostar poultry house erupts in fire

Fire erupted at a poultry house in the town of Vasylkiv
in the Kyiv region, the State Emergency Service of Ukraine reported on June 4.
A building of a total area of 15,000 sq. m. caught fire, which was brought
under control as of 2 p.m., it reported. Later that day, Ukrainian egg producer
Ovostar (OVO PW) confirmed that one of its standalone poultry houses, which
produces eggs, was destroyed by fire. “No one was injured. Production
infrastructure was not damaged and the poultry farm keeps operating in its
normal mode,” the company wrote on its website, adding that the estimated loss
will be reported after a thorough examination.

Andriy Perederey: The territory of the fire contains most of Ovostar’s egg-producing
assets. We estimate the damaged poultry house’s capacity at 0.2 mln hens, which
is 2.5% of the company’s total hen flock. Therefore, the damage to Ovostar’s
business from the incident is not substantial. We are keeping our neutral view
on Ovostar stock.