KYIV – MHP SE (LSE: MHPC), an international food group with significant operations in Ukraine and southeastern Europe, has made a binding offer to acquire UVESA Group, a prominent player in the Spanish food industry known for its poultry and pork production. MHP's takeover bid, announced today, is conditional on reaching a minimum approval threshold of 50.01% among UVESA's existing shareholders, among other unspecified conditions.
The proposed transaction will require regulatory approvals, which MHP will seek where necessary. This move represents MHP's continued strategic expansion, with the aim of strengthening its position in the global food market with the potential to provide UVESA with a stable long-term investor.
MHP operates various food and culinary businesses, including a subsidiary in Southeast Europe, Perutnina Ptuj, and a cutting facility in the Netherlands. The company's joint ventures and sales offices extend throughout the Middle East, North Africa and the United States Kingdom (Trading:). With exports accounting for 60% of its poultry products to over 70 countries, MHP is known for its efficiency and adherence to strict EU guidelines for poultry production.
This acquisition will enable MHP to support the agricultural and food sectors in Spain, and bring its expertise and advanced production capabilities to the Spanish market. MHP highlights the potential benefits of the acquisition, such as job creation, collaboration with local farmers and businesses, and contribution to food sustainability and economic development in Spain.
MHP's record of maintaining high standards of animal welfare and production quality is expected to complement and strengthen the poultry industry in Spain. The company emphasizes the opportunities for sustainability, food security and animal welfare initiatives that the deal can provide.
This news is based on a press release and does not include any marketing promotion or subjective claims. The information provided is factual, and the potential acquisition is subject to shareholder approval and regulatory approval.
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