April 15, 2008

Myronivsky plans London share sale
 

Ukraine's largest poultry producer, Myronivsky Hliboproduct, is planning to hold a public offering in London to fund its expansion.

The company will sell global depositary receipts with Morgan Stanley and UBS AG as the joint global coordinators and book runners, according to Myronivsky.

Ukraine's economy has been expanding for the past eight years, and the country's potential is demonstrated when retail sales in the first two months of 2008 increased by 28 percent.

Myronivsky holds 36 percent of Ukrainian poultry market in 2007.