UVESA would be integrated into the world leader in the poultry sector, which will contribute to boost its growth and consolidation in Spain.
Madrid, 11 December 2024. UVESA Group has received a takeover bid from MHP SE, a leading international food group with major production facilities in Ukraine and Eastern Europe and listed on the London Stock Exchange as MHPC. The transaction is addressed to all existing UVESA shareholders and is subject, among other conditions, to a minimum acceptance threshold of 50.01%.
The offer of MHP, European leader in the poultry sector, will boost the growth of UVESA Group in Spain, being part of a reference company in the sector, with headquarters in Ukraine and presence in many markets (Slovenia, Croatia, Albania, Saudi Arabia …) and a proven commercial, productive and financial security. In fact, if carried out, it would mean the union of the European poultry leader with the second company in the sector in Spain, which would generate important synergies not only in a market, the Spanish market, with potential for growth in both production and consumption, but also internationally, by contributing to respond to the growing global demand for poultry products and food solutions of high quality and affordable prices.
In addition, MHP’s presence in Spain will create new jobs and provide valuable opportunities for collaboration with local farmers and businesses, strengthening the overall poultry supply chain and contributing to Spain’s agricultural sector, improving the country’s food sustainability and boosting economic development. In this regard, both companies have a strong track record of meeting stringent animal welfare and quality standards and advanced production capabilities, which coupled with MHP’s experience and leadership and UVESA’s in-depth knowledge of the domestic market and its suppliers, will complement and enhance the existing poultry industry in Spain, with significant opportunities to advance sustainability, food safety and animal welfare initiatives.
About UVESA Group
UVESA Group is currently one of the leaders in the Spanish food industry thanks to its areas of poultry, pig and feed production. It has 60 years of experience in the sector, a proven know-how used in their daily work to implement its infrastructure with the latest technologies and bet, with safety and quality, for food innovation. In its poultry area, the company has two hatcheries, one in Tudela (Navarra) and the other in Burgos; two processing plants, one in Burgos and the other in Cuéllar (Segovia); integrated poultry farms (breeding and rearing) throughout Spain; four poultry processing plants in Tudela (Navarra), Málaga, Cuéllar (Segovia) and Rafelbunyol (Valencia); as well as three sales offices for poultry products in Burgos, Bilbao and Getafe. The four feed factories are located in Alcàsser (Valencia), Tudela (Navarra), Valladolid and Burgos.
About the MHP Group
MHP is an international food technology company with revenues in excess of EUR 2.72 billion (2023) and 32,000 employees worldwide. It operates in the agriculture, food production and retail sectors, with production facilities in Ukraine and Eastern Europe, as well as subsidiary sites in the Netherlands, the United Kingdom, the United Arab Emirates, Saudi Arabia and other EU countries.
MHP has been listed on the main market of the London Stock Exchange since 2008 under the ticker MHPC. The group exports its products to more than 70 countries around the world.