FDBusiness.com

Milkiland Moves Closer to Public Listing to Fund Expansion

 Breaking News
  • UK Grocery Prices Rising at Fastest Rate in Four Years The latest grocery market share figures from Kantar Worldpanel, for the 12 weeks to 5 November 2017, show UK supermarket sales have increased in value by 3.2% year-on-year in the run up to Christmas. Fraser McKevitt, head of retail and consumer insight at Kantar Worldpanel, explains: “Volume sales have increased by less than 1%, meaning it’s [...]...
  • Alcohol Minimum Unit Pricing to Go Ahead in Scotland The UK Supreme Court has ruled that minimum unit pricing for alcohol, which was passed overwhelmingly by the Scottish Parliament in 2012, can now proceed. Scottish Health Secretary Shona Robison has welcomed the decision and confirmed she intends to make a statement to Parliament shortly, setting out the Scottish Government’s next steps. Following the unequivocal backing [...]...
  • GEA Brings Together Technologies to Supply Extended Production Line For BMI GEA has recently been selected to supply an extended pasta filata cheese production line for BMI in Jessen, Germany. With this exemplary project GEA brings together its joint cheese-making expertise, resulting from its acquisition of de Klokslag and CMT in 2014 and 2015 respectively, with GEA’s flow and processing experience to provide a single offering for this [...]...
  • Bosch Packaging Technology Wins German Design Award 2018 The Sigpack VPF (Vertical Platform for Flat Pouches), the first freely scalable flat pouch machine from Bosch, has been honoured with the German Design Award 2018 in the Excellent Product Design category. The German Design Council presents the prestigious award on an annual basis. The German Design Award is the second prestigious accolade for the [...]...
  • Premier Foods Returns to Revenue Growth Premier Foods, the UK convenience food group, has reported group revenue of £353.3 million for the 26 weeks ended 30 September 2017 – an increase of 1.5% on the prior period – with Branded revenue in line with last year at £295.4 million while Non-branded revenue increased by 10.1% to £57.9 million. Group reported half year [...]...

Milkiland Moves Closer to Public Listing to Fund Expansion

Milkiland Moves Closer to Public Listing to Fund Expansion
November 18
12:25 2010

Dairy company Milkiland, which operates in the Ukraine and Russia but is registered in the Netherlands, has commenced its public offering of over 22% of its shares as it prepared to list on the Warsaw Stock Exchange. “We expect that our integrated business model, our strong position in the Commonwealth of Independent States, one of the largest and fastest growing markets, as well as the high profitability of our operations, will make the public offering an interesting investment proposal for investors in Poland and abroad,” says Vyacheslav Rekov, chief executive of Milkiland.

Milkiland owns Milkiland-Ukraine, one of the largest dairy companies in the Ukraine with 16 production sites, as well as a 75% stake in Moscow-based Ostankinsky Molochny Combinat, one of the largest dairy enterprises in Russia.

Milkiland intends to reinforce its position in the CIS by focusing on its operations in Russia and Ukraine. The high fragmentation of the market and growth potential provide significant expansion opportunities for the company in both countries. Milkiland intends to participate in the process of market consolidation and to strengthen its position among the leading dairy producers.

The gross proceeds from the sale of new shares, estimated at about Eur72m, will be used primarily to carry out the group’s investment programme going forward and to finance acquisitions and new projects, including investment of Eur10m to upgrade the Okhtyrsky cheese plant in Ukraine to increase its production capacity by 7,000 tonnes, and Eur10-13m to modernise the whole milk products plant at Ostankino in Russia.

The total value of the group’s planned investments in 2011–2013 is estimated at Eur83–106m, including acquisitions. In 2007–2009 Milkiland invested a total of over $70m, including $41m for acquisition of the Ostankino plant in 2008.

About Author

colin

colin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • November 28, 2017Fi Europe
  • December 4, 2017Plastics and Paper in Contact with Foodstuffs 2017
  • January 8, 2018RAI Exhibition
  • January 16, 2018Sival Plant Production Trade Show
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements