Leading Ukrainian poultry producer MHP has been listed on the London Stock Exchange in a move that could lead to the company targeting the UK retail market. Myronivsky Hliboproduct, which produces meat for Ukrainian retailers as well as feed, said it would use the funds to expand its grain-growing capacity by 20%-25% annually, and also raise its chicken production capacity. It holds a 36% share of the Ukrainian chicken market. The company said it had no immediate plans to target UK retail, but sources close to the business said it was "likely" it would consider expanding into EU markets. "MHP will apply the proceeds of LSE listing to finance the expansion of its poultry and grain businesses, including potential land acquisitions and potential acquisition opportunities in Ukrainian agriculture," said chief executive Yuriy Kosyuk. MHP also intends to develop its distribution network, new lines and value-added products.

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