bne IntelliNews – Ukraine’s agro-powerhouse MHP completes acquisition of majority stake in Spain’s Grupo UVESA

MHP, the Ukraine-based international food and agriculture group, has completed its acquisition of more than 92% of the share capital of Grupo UVESA, one of Spain’s largest vertically integrated poultry and pork producers, the company announced on August 4.

The deal follows the expiry of the accession period to the share purchase agreement signed in March 2025 and the receipt of regulatory approvals, including antitrust clearances in Ukraine, Spain, Saudi Arabia, Serbia, Montenegro and Kosovo, as well as merger control and foreign subsidies approval from the European Commission. The transaction was settled in cash at closing at a fixed price of €225 ($246) per share, with a contingent consideration of up to €21.43 per share backed by a first-demand bank guarantee.

“With the deal now finalised, we are moving into the integration phase. Our goal is to build on UVESA’s strengths, focusing on operational excellence and sustainable development. We are also deeply committed to investing in our team by creating an environment where talent can thrive and innovation becomes part of everyday work. Backed by MHP’s international experience and expertise, we are confident in our ability to unlock new opportunities and drive long-term value,” said Dr John Rich, Executive Chairman of the MHP Board of Directors.

MHP said the integration process will focus on operational alignment, knowledge exchange and targeted investments in efficiency and product innovation. The companies will also seek to enhance export capacity and expand their presence in European and Middle Eastern markets.

Antonio Sánchez, President of UVESA, said: “The partnership with MHP marks a new and significant chapter for UVESA, which will be able to boost its growth thanks to MHP’s extensive experience in operational innovation, and continue to consolidate its excellence with the sustainable production of high-quality food and ensure total food security.”

MHP is Europe’s largest poultry producer and ranks among the top 10 globally. It operates production facilities in Ukraine and South-Eastern Europe, exporting to more than 70 countries. UVESA, with over 60 years in Spain’s agri-food industry, operates advanced poultry, pork and feed facilities and holds international quality and food safety certifications.

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