MHP acquires 92 percent stake in Spanish poultry company UVESA
The deal closed after all regulatory approvals were secured and the share purchase agreement, signed in March 2025, came into full effect.
Authorities in Ukraine, Spain, Saudi Arabia, Serbia, Montenegro, and Kosovo approved the deal. The European Commission also gave the green light, including under its foreign subsidies and merger control rules.
“With the deal now finalized, we are moving into the integration phase. Our goal is to build on UVESA’s strengths, focusing on operational excellence and sustainable development”, said Dr. John Rich, Executive Chairman of the MHP Board of Directors.
On March 20, MHP and UVESA signed a share purchase agreement for the transfer of 41% of the Spanish company’s shares.
The deal also allows other UVESA shareholders to join the SPA (Share Purchase Agreement) within a month of signing, enabling them to participate in the company under the same conditions.
After the latest acquisition of over 92% share in August, MHP now holds control over UVESA’s core operations and management.
The transaction was settled in cash at closing by the terms of the SPA – a fixed purchase price of €225 per share ($259) and a contingent consideration – an additional payment that the buyer agrees to pay the seller only if certain future conditions are met after the deal closes.
The companies also plan to expand exports and grow their presence in European and Middle Eastern markets. “The integration process will prioritize operational alignment, knowledge exchange, and targeted investments in efficiency and product innovation.”
President of UVESA Antonio Sánchez said: “The partnership with MHP marks a new and significant chapter for UVESA, which will be able to boost its growth thanks to MHPʼs 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 the leading international agro-industrial group with its headquarters in Ukraine.
Its main production is poultry – its chicken meat and chicken products are exported to more than 80 countries, including the EU, the UK, and Asia. You will find their chicken under the trademarks Qualiko, Ukrainian Chicken, Assilah, and Sultana.
MHP also owns a Slovak company through its subsidiary Perutnina Ptuj, which operates across several countries in the region.
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