Ukraine's MHP to buy Slovenian poultry firm Perutnina Ptuj

(Reuters) - Ukraine's poultry firm MHP has signed an agreement to buy 90.7 percent of Slovenian poultry producer Perutnina Ptuj (PP), PP's owner Slovenska Industrija Jekla (SIJ) said on Tuesday
calendar icon 21 November 2018
clock icon 2 minute read

"MHP plans to strengthen the position of PP ... in the Balkans and in Western Europe," SIJ said in a statement, without disclosing the value of the deal.

"MHP has presented plans according to which it will invest about 200 million euros ($228 million) in the production base (of PP) in the next four to five years," it added.

It said transaction depended upon an approval of the Slovenian Competition Protection Agency.

SIJ, which bought PP in 2015, is primarily a steel company. Its largest owner with 72.2 percent is holding firm Dilon, which is in Russian hands.

($1 = 0.8767 euros)

Reporting By Marja Novak, editing by David Evans

Ryan Johnson

Editor at The Poultry Site

Ryan worked in conservation from 2008 to 2017, during which time he operated a rainbow trout hatchery and helped to maintain public and protected green spaces in Canada for the Toronto and Region Conservation Authority. As editor of The Poultry Site, he now writes about challenges and opportunities in agriculture across the globe.

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