Madrid, 20 March 2025 – MHP, a leading international agri-food company, today announced the signing of a share purchase agreement (SPA) with shareholders representing more than 41% of the share capital of UVESA, one of the leading poultry production companies in Spain.
This agreement marks a significant milestone in MHP’s expansion strategy in the Spanish market, reinforcing its long-term vision to consolidate its presence in the European poultry sector.
Under the terms of the agreement, MHP will acquire the shares at a fixed price of 225 euros per share, with an additional contingent consideration of up to 21.43 euros per share, subject to certain closing conditions. The agreement also allows other UVESA shareholders to join the SPA within one month of signing, offering them the opportunity to participate on the same terms.
John Rich, Executive Chairman of the Board of MHP, said: ‘For MHP, expanding in Europe means building strong partnerships, driving innovation and making a lasting impact. UVESA, with its strong reputation and deep roots in Spain, is a natural fit with MHP’s vision of sustainable growth and contribution to the country’s economic development. MHP brings its experience, operational excellence and advanced technology to support UVESA’s growth.
Antonio Sanchez, President of UVESA, said: ‘The partnership with MHP marks a significant new chapter for UVESA. This agreement seeks to strengthen our foundations, open up new opportunities and expand our reach. With MHP’s extensive experience in innovation and operational excellence, we are poised to grow sustainably without losing our local roots. Most importantly, we will continue to provide high quality products and food to the communities and regions we proudly serve’.
The purchase price will be paid in cash at the closing of the transaction.
Completion of the transaction is subject to obtaining the relevant regulatory approvals, including competition clearances and foreign subsidy control clearance from the European Commission.
As previously communicated, on 4 March 2025, MHP obtained approval from the Spanish Government for its strategic investment in UVESA and its affiliated companies, further consolidating its position as a reliable and responsible investor in the European agri-food sector.
About MHP
MHP is an international agri-food company listed on the London Stock Exchange, producing high quality, healthy food to improve the lives of consumers. The company operates in the agriculture, food production and retail sectors, with manufacturing facilities in Ukraine and the Balkans, as well as subsidiaries in the Netherlands, UK, UAE, Saudi Arabia and other EU countries.
MHP employs more than 36,000 people in Ukraine and abroad, and has been recognised among the top 10 employers in the country, according to Forbes Ukraine. The company exports its products to more than 80 countries around the world and manages an agricultural area of 360,000 hectares in 12 regions of Ukraine.
Since the beginning of the war in Ukraine, MHP has taken on the mission to support the country’s economy and food security. It is the largest taxpayer in the agricultural sector and one of the top five investors in the country.
As a culinary company, MHP develops more than 15 product brands, including Qualiko, Sultanah, Assilah, Nasha Ryaba, Apetytna, Lehko!, Bashchynskyi, Skott Smeat, RyabChick, among others.
To ensure that Ukrainians always have access to high quality and tasty food, the company, together with its partners, has developed several retail chains: MeatMarket shops, Fresh Food, or Nasha Ryaba and Döner Market restaurants, which offer safe and tasty fast food.
In Ukraine, MHP, in collaboration with the MHP Charitable Foundation – GROMADI, is actively involved in community development, improving the quality of life and providing support to those most in need.
MHP in Ukraine also leads the ‘MHP Standing Together’ programme, which provides personalised assistance and comprehensive support to military personnel, veterans, their families and those awaiting the return of their loved ones from the front lines.
The founder and CEO of MHP is Ukrainian businessman Yuriy Kosyuk.
About UVESA Group
Grupo UVESA is a benchmark in the food industry in Spain, with more than 60 years of dedication to excellence in the poultry and feed sectors. Its vertical integration model guarantees rigorous control at all stages of production, reinforcing its commitment to quality and food safety.
Poultry business
As one of the leading poultry producers in Spain, UVESA operates state-of-the-art facilities equipped with advanced automation and strict process controls. As a result, the company has obtained prestigious international certifications in quality and food safety.
Pig area
Production of pigs and genetics, being an important supplier of the main meat companies in the country.
Feed Area
UVESA’s feed manufacturing centres use cutting-edge technologies to produce feed for the best healthy growth of poultry.
Throughout its history, UVESA has experienced significant growth, driven by the dedication of its team and the trust of its stakeholders. The company remains committed to innovation and excellence, consolidating its position as a key player in the agri-food sector.