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Ukrainian pork manufacturer may obtain financing of $12.5 million from IFC

Ukrainian pork manufacturer may obtain financing of $12.5 million from IFC

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Ukrainian pork manufacturer may obtain financing of $12.5 million from IFC

  • The International Finance Corporation is considering the possibility of allocating a loan to the Niva Pereyaslavschina company to increase its capital stock

The International Finance Corporation is considering the possibility of allocating a loan to the Niva Pereyaslavschina company to increase its capital stock

It has become known that on March 30 the board of directors of the International Finance Corporation (IFC) will consider the issue of allocation of a $12.5 million long-term loan to the Ukrainian large pig-breeding group of companies "Niva Pereyaslavshchina".

The IFC website says that the funds should be used to increase the capital stock of the Ukrainian manufacturer in 2018-2019. The total cost of the project is $35 million.

As it is known, IFC allocated $25 million to "Niva Pereyaslavshchina" in 2015, which were necessary for the company to support plans to expand operations and reform the medium-term debt.

The group of companies "Niva Pereyaslavshchina" owns 9 pig-breeding complexes and it is already planning to build the 10th. The company handles approximately 23 thousand hectares. Its storage capacity is about 150 thousand tons.

This year the group of companies has planned to build a new meat processing plant with a capacity of 240 heads per hour.

Under the management of "Niva Pereyaslavshchina" there is also a feed mill, slaughter shop and a meat-packing plant, which products of TM "Piatachok" are produced on.

The owner of 99% of the group is Ukrainian businessman Alexander Mostipan.

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