Khlibprom to invest USD 130 mln into development, conduct IPO in 2010-2012

In an interview with daily newspaper Delo, the head of Khlibprom’s (HLPR: N/R) supervisory board Vadym Vyshnevskiy said that the company is planning to increase production by 20% annually over the next seven years and invest USD 130 mln into development over that period. According to Vyshnevskiy, Khlibprom is targeting an IPO on the London or Warsaw Stock Exchange in 2010-2012. He also said that the acquisition of several enterprises owned by Ekolan Group, one of the biggest Lviv bread producers, is currently being finalized.