LONDON: MHP SE (LSE: MHPC), a leading international food group with major production facilities in Ukraine and Southeastern Europe, has submitted a binding offer to acquire UVESA Group, a market leader in the Spanish food industry with well-established poultry and pork operations.
The transaction constitutes a tender offer addressed to all the current shareholders of UVESA and is subject to the fulfillment of certain conditions, including, but not limited to, achieving a minimum acceptance threshold of 50.01%. The requirement for regulatory approvals, if any, will be assessed and addressed as necessary.
MHP is a group of food & culinary companies with a significant footprint in Ukraine, and in Southeast Europe, where it operates under its fully owned subsidiary Perutnina Ptuj. Other operations include a cutting facility in the Netherlands, a joint venture in Saudi Arabia, and sales and distribution offices in MENA (UAE, Saudi Aribia) and the UK. MHP Ukraine exports up to 60% of its total poultry products to over 70 countries worldwide. In 2019, the Group announced its strategic transformation into a culinary company launching and bringing to market a range of value-added cooking products and food solutions.
MHP’s business model has enabled the Group to become one of the most efficient poultry producers in the world and also helps the Group to maintain high levels of quality control at every stage of the production process. All MHP Ukraine’s standards are in line with the most stringent EU guidelines for poultry production. A key part of MHP’s success to date has been a strong and experienced team, efficiency in operations, sustained investment and innovation, market and product diversification as well as resilience to the challenges posed by the war in Ukraine.
This acquisition is another strategic step in the journey of MHP, which is consolidating its position as an important player in the global food industry, whilst also securing a strategic long-term investor for UVESA Group. The Group is thrilled to have an opportunity to contribute to Spain’s agricultural and food sectors, utilising its significant expertise and advanced production capabilities. Together we will help meet growing demand for high-quality, affordable poultry products and food solutions in the world.
With a strong track record of adhering to stringent animal welfare and quality standards MHP’s expertise would complement and enhance Spain’s existing poultry industry, with the deal presenting significant opportunities for sustainability, food security gains and animal welfare initiatives.
MHP’s presence in Spain would create new jobs and provide valuable opportunities for collaboration with local farmers and businesses, help to strengthen the wider poultry supply chain and contribute to Spain’s broader agricultural sector, enhancing the country’s food sustainability and driving economic development.
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