According to the information released by Forbes Magazine Ukraine and later confirmed by former top manager of Avangard, company has started restructuring process in the end of 2012, which is developing more actively in the beginning of 2013. Within this process, company is planning to shut down several poultry farms. Company has already shut down 4 poultry farms in Dnepropetrovsk, Crimea, Luhansk and Donetsk regions. The former top manager of the company also stated that it was not clear how the process would actually be carried out and the final decision regarding those farms is still to be made.

AgroInvest comment: Holding is most likely getting rid of unprofitable and/or inefficient companies within its structure to maximize its potential with already successfully operating ones.

UkrAgroConsult