Ukrainian agricultural holding Mironovsky Hleboproduct plans to buy back all 100% of Perutnina Ptuj from Slovenia this year, as the representative of Mironovsky Hleboproduct told the Warsaw Stock Exchange.

MHP has already bought 90.69% of the shares of the Slovenian company Perutnina Ptuj, having paid € 221 million in cash for them. The remaining agricultural holding plans to redeem a bit later.

The remaining shares can be bought by the agricultural holding through a buyback offer. “Mironovsky bakery product” plans to become the sole shareholder of Perutnina Ptuj in 2019, the report said.

The value of all shares of Perutnina Ptuj, an enterprise from Slovenia, is € 273 million. Of these, € 34.5 million is the net debt and normalized value of working capital.

Earlier it was said that the company Mironovsky bakery product is increasing the production of chicken. In the first quarter of 2019, MHP produced 171.3 thousand tons of chicken, which is 13% more than in the same period in 2018.

The increase in production volumes was made possible thanks to the commissioning of new production sites of the Vinnitsa bird complex. In January 2019, MHP commissioned 2 additional production teams and now grows chickens in 4 teams of the Vinnitsa bird complex.