The Central Bank of Norway has become a co-owner of one of the largest agricultural holdings in Ukraine
The Central Bank of Norway, Norges Bank, has concentrated 5,05% of the global depositary receipts (GDRs) of one of the largest agricultural holdings in Ukraine, Mironovsky Hliboproduct (MHP), a PolitNavigator correspondent reports.
This is stated in the company's statement on the London Stock Exchange.
It is noted that Norges Bank has crossed the threshold for MHP's global depositary receipts of almost 5,4 million GDRs, which represent 5,05% of the share capital issued by MHP.
GDR is a certificate issued by a depository bank. The receipt entitles its owner to benefit from the securities of a foreign issuer deposited in this bank. One Global Depositary Receipt can be equal to one share, part of a share or several shares of the issuing company.
Myronivsky Hliboproduct (MHP) is one of the largest agro-industrial companies in Ukraine. According to MHP estimates, its share in the Ukrainian chicken market is 55%. The company owns TM “Nasha Ryaba”, TM “Certified Angus”, TM “Easy!”, TM “Bashchinsky”, TM “Druzhba Narodov” and TM “Europroduct”. The agricultural holding also produces grains, sunflower oil, and meat products. 63% of MHP belongs to Yuri Kosyuk. The remaining 35% is publicly traded on the London Stock Exchange.
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