The London Stock Exchange uses cookies to improve its website. The cookies for analytical purposes have already been set. For more details and how to manage cookies, please see our privacy and cookies policy.

Welcome stories


6 May 2010
06/05/2010 The London Stock Exchange welcomes Avangard to the Main Market

Avangard is one of the leading agro-industrial companies in Ukraine and the number one producer of shell eggs and dry egg products.

Avangard raised $187.5m through a GDR listing, valuing the Company at US$937.5m.

Avangard intends to use the net proceeds to finance the expansion and diversification of its egg business by completing construction of two new egg production complexes in Ukraine. Each complex is expected to have am annual capacity of 840 million shell eggs when fully operational.

avangard

Commenting on the IPO, Avangard’s CEO, Nataliya Vasylyuk, said:

“We are delighted by the investor support and interest we have had during the IPO despite the volatile market conditions. Our leading position in the Ukranian egg market, along with our strong financial track record and vertically integrated business model, gives us confidence for the future. We look forward to keeping our new shareholders updated on our progress in implementing our growth strategy.”

Also commenting on the IPO, Oleg Bakhmatyuk, controlling shareholder and Chairman of the Board of directors of Avangard, said:

"Avangard is an established success story with excellent prospects. Moreover, our successful IPO sends a strong signal that investors are interested in quality companies in Ukraine in general and the agriculture sector in particular."

Troika Dialog acted as Global Coordinator, Lead Manager and Bookrunner for the Offering and NCB Stockbrokers Limited as Co-Lead Manager. Avangard’s legal advisers were Freshfields Bruckhaus Deringer LLP and Avellum partners. International communications was handled by Financial Dynamics.

.

The Exchange accepts no responsibility for the content of the website you are now accessing or for any reliance placed by you or any person on the information contained on it.

By allowing this link the Exchange does not intend in any country, directly or indirectly, to solicit business or offer any securities to any person.

You will be redirected in five seconds.

You are accessing the London Stock Exchange Annual Report Service powered by PrecisionIR.

The Exchange accepts no responsibility for the content of the reports you are now accessing or for any reliance placed by you or any person on the information contained therein.

By allowing this link the Exchange does not intend in any country, directly or indirectly, to solicit business or offer any securities to any person.

You will be redirected in five seconds