FD brought in for London IPO of Ukraine's largest egg producer

Ukraine's biggest egg producer Avangard has brought in FD to support its plans to list on the London Stock Exchange.

Avangard: Ukraine's largest egg producer
Avangard: Ukraine's largest egg producer

FD managing director Ben Foster and associate vice president Marc Cohen are working on the account from its London office, with Leonid Solovyev, managing director, head of Russia & CIS Practice overseeing its involvement from its Moscow office.

The project brief is expected to morph into a retained relationship if the main-market IPO is successful.

Avangard is looking to raise around US$200m (£131.6m) by listing approximately a quarter of the company. It will use the proceeds to finance the completion of the construction of two further factories in the Ukraine.

If the IPO goes ahead it will market the first listing of a CIS-based company this year.

The firm has over 16 million birds and produces approximately 23 per cent of all shell eggs (including 39 per cent of industrially produced shell eggs) and approximately 52 per cent of all dry egg products produced in Ukraine.


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