IFC METROPOL assists leading Ukrainian dairy producer Ukrproduct in AIM listing
Ukrainian dairy producer Ukrproduct has raised 6
million pounds sterling (about $11 mn) through its initial public
offering on London‘s Alternative Investment Market. The IPO was
managed by Russian financial advisor IFC METROPOL. The company
raised 6 mn pounds issuing and selling 11,214,953 mn shares, which
amounts to 27.2% of total shares on issue. The total number of
Ukrproduct shares on issue was expanded to 41.2 mn as a result of
the transaction.
The company underwent a standard IPO preparatory
procedure, including international and legal audits and
restructuring. The funds raised will be invested in a new plant and
new operating equipment, the development of a marketing network, as
well as working capital and listing expenses.
The Group includes six battery plants and business units developing and introducing new technologies, and distributing products.
№ 077-06136-100000, № 077-06159-010000, № 077-06168-001000 from 26 august 2003 year, № 077-06194-000100 from 02 september 2003 year, № 650 from 16 april 2004 year, № 3185 from 25 november 1999 year, № 21-000-1-00119 from 23 may 2003 year, № 077-07215-001000 from 9 december 2003 year
