The European Bank for Reconstruction and Development (EBRD) has increased its financing to Ukrainian agribusiness PJSC Myronivsky Hilboproduct (MHP) to a total of US$100 million. MHP, which is a major vertically integrated grain/feed and poultry meat producer will use the funds to refinance existing EBRD loans and to support expansion and diversification of the company’s farming activities. The company is planning to develop its upstream grain production in Ukraine and Russia and buy new equipment to facilitate cost and resource efficiencies. The improvements will benefit MHP’s newly acquired subsidiary Voronezh Agro which has 40,000 hectares and operates extensive grain silos. The EBRD is the single largest financial investor in Ukraine committing more than €6 billion in the agribusiness sector alone over 400 projects across Central and Eastern Europe and the CIS since 1991.
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