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Slovenia's anti-trust regulator okays Perutnina Ptuj acquisition

Author Radomir Ralev
Slovenia's anti-trust regulator okays Perutnina Ptuj acquisition Author: United Soybean Board. License: Attribution 2.0 Generic (CC BY 2.0)

LJUBLJANA (Slovenia), February 18 (SeeNews) - Slovenia's anti-trust watchdog approved the acquisition of poultry producer Perutnina Ptuj by Ukrainian holding company MHP, the regulator said. 

The watchdog considers that the transaction complies with the competition rules, it said in a notice posted on its website on Friday. 

In September, Slovenian steel manufacturer Slovenska Industrija Jekla (SIJ) said it is selling its majority stake in Perutnina Ptuj to MHP, a leading vertically integrated group engaged in poultry, grain and fodder production in Ukraine, for an undisclosed price.

The European Bank for Reconstruction and Development (EBRD) said in January it is considering providing 100 million euro ($113.2 million) to finance the acquisition, as it will support the strategy of MHP to expand its operations in the EU and other countries with the aim to become a multinational producer. The project has a target board date of March 13.

SIJ has been planning to exclude Perutnina Ptuj from the group for some time by selling its 9,896,842 shares in the poultry producer. SIJ first entered Perutnina, which employs 3,600 people, in December 2015. In 2017, it increased its shareholding interest in the company to above 90%.

($ = 0.8834 euro)