The Investment company Prosperity Capital Management increased its stake in the agricultural holding MHP

The Investment company Prosperity Capital Management increased its stake in the agricultural holding MHP

23.05.2016 News

The Investment company Prosperity Capital Management increased its stake in the agricultural holding MHPThe investment company Prosperity Capital Management has concentrated 7.93% of global depositary receipts (of GDR) of the largest Ukrainian producer of poultry – agricultural holding “MHP” (MHP).

According to a report on the website of the London Stock Exchange on Friday, now the company owns 8,000,000 789,186 GDR.

According to the information at Prosperity Capital Management website, it is one of the largest Russia-focused asset managers in the world and an investment firm specializing in investments in power utilities, telecom, cyclical and consumer goods, and oil and gas sectors.  It specializes in investments in Russia and countries of the former USSR. Currently, the investment company is controlling assets worth $ 2.7 billion. Prosperity Capital Management was founded in 1996 and was registered in the Cayman Islands.

MHP has been working in agriculture since 1998 and is the largest poultry fabricator in Ukraine. It also deals with the production of grain, sunflower oil, processed meat products. The founder of MHP Mr. Kosyuk was among the first who used the positive changes in the agricultural market in Ukraine’s transition to a market economy.

The MHP’s net loss was about $ 126 million in 2015, which is 3.3 times less than in 2014, and its revenues declined by 14% over the last year – to $ 1.18 billion.

Source: delo.ua

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