Briefing: Problematic MHP expansion in Ukraine with EBRD support
Publisher: CEE Bankwatch Network
Volume: 5 pages, pdf
Description:
Myronivsky Hliboproduct PJSC, typically known as MHP, is a long-term EBRD client. On 28 October 2015 the bank approved a USD 85 million Corporate Support Loan1 to support agricultural working capital needs. Previously the company received USD 100 million from the EBRD in 2013 to finance acquisition of agricultural and grain infrastructure and capital expenditures related to agricultural equipment for MHP Group’s agricultural farming operations in Ukraine, as well as USD 65 million in 2010 for the client’s expansion strategy and to ensure market expansion and competition.