The Saudi Agricultural and Livestock Investment Company (SALIC), a subsidiary of the Saudi Arabian Public Investment Fund, has acquired a 12.6% stake in the Ukrainian agro-holding MHP.
According to a statement on the London Stock Exchange, SALIC purchased 13.5 million global depositary receipts of MHP SE, the parent company of MHP, which are freely traded on the market.
"This acquisition underscores SALIC's trust in MHP as a stable company that continues to grow and can make a significant contribution to ensuring food security in Saudi Arabia. MHP has always considered supporting food security as one of its key goals both in Ukraine and globally," they say in the company.
The acquisition of GDRs in MHP SE by SALIC will not affect:
- The operational activities of MHP both in Ukraine and abroad.
- The shareholding of Yuriy Kosyuk, who remains the largest shareholder of the company, maintaining his strategic influence over the development of MHP.
MHP will continue its investment activities, supporting the country's economy, creating new jobs, and providing assistance to the Ukrainian military, communities, and the company team.
