MHP plans to buy a Spanish chicken and pork producer

Ukrainian agroholding MHP has submitted a binding offer to acquire UVESA Group (UVESA), a market leader in the Spanish food industry in the production of poultry and pork.

This was reported by the press service of MHP.

MHP will conquer the Spanish market

It is noted that the agreement is an open tender offer addressed to all current shareholders of UVESA, which is subject to certain conditions, including, but not limited to, reaching the minimum acceptance threshold of 50.01%.

The company emphasizes that if regulatory approval is required to close the deal, MHP will ensure that all requirements are met.

“This is the next step in MHP’s development in international markets – we are strengthening the company’s position as an important player in the global food market and the European market in particular. Expanding our international presence is in line with our strategy of transforming MHP into an international culinary company with operations in key regional markets. MHP demonstrates to the global community its resilience and ability to grow by scaling its practices to foreign assets,” the agricultural holding emphasizes.

They add that at the same time, MHP’s main priority remains the further development of its business in Ukraine.

MHP already has a successful experience of acquiring and developing companies in the European Union – in 2019, Perutnina Ptuj (Slovenia, Serbia, Croatia, Bosnia and Herzegovina) became part of MHP Group. Perutnina Ptuj’s EBIDTA increased from USD 34 million in 2018 to USD 91 million in 2023.

In addition, for the second year in a row, MHP has retained the status of the largest poultry producer in Europe according to the WATT Poultry International rating.

“This experience of MHP will allow us to make a significant contribution to the agricultural and food sectors in Spain. The deal will help meet the growing demand for high quality and affordable food in the world. This step is of great importance for strengthening the food security of the European Union and is fully in line with Ukraine’s European integration aspirations to become part of the single European market,” MHP believes.

About MHP

MHP is an international food and agricultural technology company. It has production facilities in Ukraine and the Balkans. MHP shares are listed on the London Stock Exchange. It employs more than 32,000 people in Ukraine and abroad and is one of the top 10 employers in Ukraine according to Forbes.

MHP exports its products to more than 70 countries. The company’s land bank is 360,000 hectares in 12 regions of Ukraine. The company is the largest taxpayer in the agricultural sector in 2023 and is one of the TOP 5 largest investors in the country.

As a culinary company, MHP develops more than 15 product brands and, together with partners, several chains, including Myasomarket stores and Döner Market outlets. MHP also operates a Culinary Center.

The founder and CEO of MHP is Ukrainian businessman Yuriy Kosyuk.

In September, the Saudi Agricultural and Livestock Investment Company (SALIC), owned by the Public Investment Fund of the Kingdom of Saudi Arabia, became a shareholder in MHP.

Tags: pork, chicken, MHP