MHP acquired 41% of large Spanish poultry producer Uvesa

MHP announced the signing of a share purchase and sale contract with shareholders who own more than 41% of Uvesa's authorized capital, writes inventure.com.ua.

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Under the terms of the agreement, MHP acquired Uvesa shares at a fixed price of €225 per share, with the option to pay an additional €21,43 per share if certain obligations are met after the closing of the deal. Other Uvesa shareholders can also join the deal within a month on similar terms.

The transaction will be completed after receiving the necessary regulatory approvals.

CEO and founder of MHP Yuriy Kosyuk noted that for MHP, expansion in Europe is primarily about building strong partnerships, implementing innovations and implementing the principles of sustainable development. According to him, Uvesa is a company with a strong reputation and deep roots in Spain. MHP, for its part, will be able to strengthen Uvesa with its experience, operational efficiency and modern technologies to support Uvesa's growth, helping the company scale and enter new markets in Europe and the Middle East.

Grupo Uvesa has been in the poultry and feed industry for over 60 years. Uvesa has over 300 farms, four processing plants, four feed mills and three hatcheries.

MHP is an international food and agrotechnology company. It operates in the agro, food production and retail sectors and has production facilities in Ukraine and the Balkans, as well as subsidiaries in the Netherlands, the UK, the UAE, Saudi Arabia and other EU countries.

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