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Ukraine Poultry Farm Sets IPO

by 5m Editor
5 May 2006, at 12:00am

UKRAINE - A Ukrainian chicken farm is pushing ahead with an initial public offering of stock, in what is shaping up as a test of how seriously investors take the threat of a global bird-flu pandemic. Financial markets overall haven&#39;t paid much attention to the prospect of a flu outbreak, although stocks in some other poultry companies have been hurt in the past year. That could still be enough to dissuade Myronivsky Hliboproduct, known as MHP, from listing. But for now it is proceeding with its plans, which could see an IPO in the third quarter, people familiar with the matter say. The company has hired investment banks Morgan Stanley and Renaissance Capital to help raise about $150 million through an IPO in Kiev, and perhaps London, that could value the whole company at more than $1 billion, these people say. <i>Source: Wall Street Journal</i>

5m Editor