July 10 (SeeNews) - Ukraine's MHP plans to invest 200 million euro ($224.9 million) in the production base of its majority-owned Slovenian poultry producer Perutnina Ptuj, with part of the investment to go to Perutnina's facilities in Bosnia's Serb Republic, the Republic's agriculture ministry said on Wednesday.
Representatives of the Ukrainian holding company made the announcement during a meeting with the Serb Republic's agriculture minister Boris Pasalic, at which poultry production in the Serb Republic was discussed, the entity's agriculture ministry said in a press release.
Perutnina Ptuj is present in seven countries: Slovenia, Bosnia, Serbia, Croatia, North Macedonia, Romania and Austria.
In February, Slovenia's anti-trust watchdog approved the acquisition of Perutnina Ptuj by MHP after Slovenian steel manufacturer Slovenska Industrija Jekla (SIJ) sold its majority stake in Perutnina Ptuj to MHP for an undisclosed sum last year.
In January, the European Bank for Reconstruction and Development (EBRD) said it was considering providing 100 million euro to finance the acquisition, as it will support the strategy of MHP, a leading vertically integrated group engaged in poultry, grain and fodder production in Ukraine, to expand its operations in the EU and other countries with the aim to become a multinational producer.
The Serb Republic is one of two autonomous entities forming Bosnia and Herzegovina. The other one is the Federation.
($ = 0.889188 euro)