MHP acquires 41% stake in one of the largest chicken producers in Spain

The largest Ukrainian chicken producer, Yuriy Kosyuk’s MHP, has signed a share purchase agreement with shareholders who own over 41% of the authorized capital of UVESA, one of the leaders in the Spanish food industry market in the field of poultry meat production.

This was reported by the press service of the Ukrainian company.

It is noted that on March 4, the Spanish government officially approved MHP’s investment in UVESA and its subsidiaries.

According to the terms of the agreement, MHP acquired UVESA shares for 225 euros per share, with the possibility of an additional payment of up to 21.43 euros per share if certain obligations are fulfilled after the closing of the deal. Other UVESA shareholders can also join the deal within a month on similar terms.

The payment for the shares will be made at the time of closing the deal. The transaction is subject to the receipt of necessary regulatory approvals, including merger approvals, as well as the European Commission’s approval under the EU foreign aid regulation.

MHP is an international food and agri-tech company and a leading producer of chicken in Ukraine. It has production facilities in Ukraine and the Balkans. MHP shares are listed on the London Stock Exchange.

The owner is Yuriy Kosyuk, the total number of employees is over 36 thousand. MHP’s trademarks are “Nasha Ryaba”, “Legko”, “Bashchinsky” and others.

Grupo UVESA is one of the leading leaders in the Spanish food industry, specializing in the production of poultry meat and feed for over 60 years.

Tags: chicken, MHP