Early Warning System

Countries

Ukraine

Geographic location where the impacts of the investment may be experienced.

Specific Location

Vinnytsia

Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.

Financial Institutions

International Finance Corporation (IFC)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Completed

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

May 29, 2014

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

Myronivsky Hliboproduct PJSC

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Agriculture and Forestry
Industry and Trade

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Loan

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Loan Amount (USD)

$ 250.00 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Project Cost (USD)

$ 250.00 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Bank Documents

Media Documents

Campaign Documents

Other Related Projects

Primary Source

Original disclosure @ IFC website

Updated in EWS Jun 12, 2023

Disclosed by Bank Apr 21, 2014

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Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the IFC, the Project involves providing a long term corporate loan facility of up to US$250 million to Myronivsky Hliboproduct, the largest integrated poultry producer in Ukraine, to support the Company's expansion plans in Ukraine and refinance its Eurobond maturity falling due in 2015.
In May 2010, MHP started the construction of the Vinnytsia complex, which increases gradually its production of chicken meat. The first phase of the Vinnytsia poultry facilities (220,000 tonnes capacity) is to be put in full operation in 2014. In 2003, IFC initially invested in MHP to support its efforts in chilled poultry distribution and sunflower feed technology (Project ID 21071). IFC followed-up with an equity investment and a loan in 2005 (Project ID 24011) for further expansion of existing facilities and the construction of new ones in Myronivska poultry farm of integrated operations. In 2010 (Project ID 29204) and 2012 (Project ID 32632) IFC invested in MHP to support its efforts in expanding the scope of its agricultural operations in connection with the Company's expansion plan in farming and poultry operations. EHS performance for this last investment is satisfactory and ESAP's action items have been effectively implemented. Information on the EHS aspects of the Projects can be found at the IFC website.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

International Finance Corporation (IFC)

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the IFC, MHP is a long standing IFC client and a leading Ukrainian vertically integrated poultry group listed on the London Stock Exchange. The Company operates the key steps of the chicken meat production process including crop growing; grain processing; fodder and sunflower oil production; hatching egg production and incubation; poultry rearing and processing; distribution and sales. Associated agricultural and processing operations include sunflower oil, sausages and cooked meat production; fruit growing and sell; cattle breeding; meat processing. MHP produced around 473,000 tons of chicken meat in 2013. MHP controls and operates approximately 360,000 hectares of land of which 320,000 ha in Ukraine used in grain production for self-animal feed consumption and trading and the Company is self-sufficient in corn, the main fodder ingredient.

MHP is 66% owned by WTI Trading Limited, with 34% of the shares listed on the London Stock Exchange. WTI Trading Limited is owned by Mr. Yuriy Kosyuk, a local entrepreneur, who graduated from the Ukrainian Food Institute in 1991 and established MHP in 1998. Prior to launching his poultry business, Mr. Kosyuk was involved in various business activities, including grain and retail trading, food processing.

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	PJSC Mironivsky Hliboproduct	Client	Agriculture and Forestry

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Client - Myronivsky Hliboproduct PJSC:

Sobotyuk Anastasiya - Head of Investor Relations and Communications Department
Address: 158, Ak. Zabolotnogo St., Kyiv 03143, Ukraine
Phone: +38 044 207 00 70

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/