OREANDA-NEWS. May 11, 2010. The EBRD board has approved the decision to provide a loan to MHP <MHPC LI BUY> totaling USD 50mn. The funds will be used for the Company’s working capital replenishment, for the improvement of the efficiency of the energy utilization by the company production facilities, and for the modernization of its meat processing facilities.

Millennium Capital: the news is positive for MHP in view of the fact that the company will be able ensure further expansion of production using inexpensive EBRD financing. However, the news is neutral for the stock since this loan has already been priced in the 1st half of April when the project summary was disclosed.