MHP takes out a EUR 120 mln loan from ING Bank

The agro-industrial holding Myronivsky Hliboproduct (MHP) will take out a EUR 120 mln (UAH 3.79 bln) loan from ING Bank, Interfax-Ukraine reports.

By the company's information, posted by the National Securities and Stock Market Commission (NSSMC) information disclosure system, Zernoproduct MHP (MHP's branch) will act as a coborrower of this loan.

The assets value of Zernoproduct MHP, according to the latest financial statements, is UAH 6.1 billion. The ratio of loan value to asset value is 62%.

As reported earlier, the Oril-Leader enterprise, the MHP poultry production company, had been awarded the ECO-Oscar in the nomination "Ecotransformation-2018: innovative waste disposal".