The central bank of Norway Norges Bank concentrated 5.05% of the share capital of the company “Myronivsky Hliboproduct”. This is reported on the London Stock Exchange, where the securities of the producer of chicken are traded.
As noted, the relevant information was received from Norges Bank on June 12, 2018.
According to these data, Norges Bank became the owner of 5.39 million of global depositary receipts of MHP, exceeding the share of 5% of the total number of voting shares of the company.
We note that since 2010, MHP has placed 10% of common shares in the form of global depositary receipts. One GDR is an interest in 1 share. Usually, GDRs are found in European countries.
We recall that, according to the results of 2017, MHP managed to significantly strengthen its financial results. In particular, the company’s net profit grew 3.3 times to $ 230 million. Revenues for the period reached $ 1.29 billion.
MHP concentrates on the production of chicken meat. According to the company, its share in the domestic market is 55%. In addition, the agro-holding produces grains, oilseeds, and processes sunflower and meat.
The founder and majority owner of the MHP is Yuri Kosyuk. Through WTI Trading Limited, he owns 66% of the company.