LONDON: MHP, an international food and agriculture company, has successfully concluded the adherence period related to its Share Purchase Agreement (SPA) with Grupo UVESA, a leading poultry producer in Spain. With additional adherence deeds signed since March 20, 2025, MHP now holds 91.77% of UVESA’s share capital.
Dr. John Rich, Executive Chairman of MHP’s Board of Directors, emphasized the importance of this milestone, stating, “This pivotal investment strengthens our footprint in the European poultry sector and unlocks new market opportunities in Europe and the Middle East. Together with UVESA, we’re building a sustainable alliance rooted in innovation and shared values.”
UVESA President Antonio Sánchez echoed this sentiment, adding, “This partnership marks the beginning of a new era focused on growth and community impact while remaining committed to quality and our workforce.”
The SPA terms remain unchanged, including a fixed purchase price of EUR 225 per share and a contingent consideration of up to EUR 21.43 per share, with the transaction settled in cash. Completion is subject to conditions such as merger control and foreign subsidies clearance by the European Commission.
MHP, headquartered in Ukraine, is a publicly traded company with operations spanning Europe, the Middle East, and beyond. It employs over 36,000 people and exports to more than 80 countries. Grupo UVESA, established over 60 years ago, is a key player in Spain’s agri-food industry with expertise in poultry, pork, and feed production.
Completion of the transaction reinforces both companies’ commitment to innovation, excellence, and sustainable growth in the agri-food sector.