MHP to stop producing foie gras

Ukraine’s leading poultry producer and farmer MHP
(MHPC LI, MHPSA) decided to cease production of goose meat and foie gras since
September, it reported on July 31. The company said that production of foie
gras “is not consistent with its strategy” of being a global leader in
environmental and social standards and animal welfare. The company is offering
for sale its goose meat factory, which accounted for less than 0.5% of its
total assets, MHP said.

Alexander Paraschiy: This is a wise move that is set to improve MHP’s image as a socially
responsible company, without visible harm to its P&L. We confirm our
bullish view on MHP stock and neutral view on its bonds.