By Vanora Bennett

The EBRD is extending €24 million(US$25.19million) to its agribusiness client in Ukraine, MHP. The financing will provide MHP with working capital to support its crop farming operations.

The project is part of the EBRD’s Food Security Ukraine package, within the Resilience and Livelihoods Framework adopted by the Bank to support the country’s economy after Russia invaded on 24 February. Legal due diligence for the project is fully funded by Japan.

The Framework’s objective to help sustain the provision of services and safeguard business activities in Ukraine, with the ultimate goal of preserving livelihoods.

MHP, part-listed on the London Stock Exchange, is one of the leading vertically integrated poultry, grain and edible oil producer with operations in Ukraine and the Western Balkans. In Ukraine, MHP is engaged in all stages of poultry production, and is also a major producer of grain and edible oils. In 2021, MHP produced 704 thousand tonnes of chicken meat and 252 thousand tonnes of edible oils and harvested 2.6 million tonnes of grain. The company employs 29,000 people.