MHP to Acquire Major Spanish Food Producer UVESA
Ukraine’s largest poultry processor, MHP, has submitted a binding offer to acquire UVESA Group, a prominent Spanish food company with extensive poultry and pork operations.
MHP revealed that the transaction constitutes a tender offer directed at all current shareholders of UVESA. The company is aiming for a minimum acceptance threshold of 50.01% to proceed with the deal.
“The requirement for regulatory approvals, if any, will be assessed and addressed as necessary,” MHP stated in its announcement.
The proposed acquisition is a significant step in MHP’s international expansion strategy, further cementing its role as a major player in the global food industry. According to the company, this move not only enhances MHP’s operational presence in Europe but also secures a strategic long-term investor for UVESA Group.
“This transaction aligns with our commitment to growth and innovation in the food sector,” MHP added.
MHP already holds the title of Europe’s largest poultry producer, having topped the rankings in 2024. The addition of UVESA Group’s portfolio is expected to bolster MHP’s market dominance and diversify its offerings across Europe.
Industry analysts suggest that this acquisition could open new avenues for collaboration and innovation between the Ukrainian and Spanish food industries, potentially reshaping market dynamics in the region.
Negotiations are ongoing, with shareholders and regulatory bodies expected to play key roles in determining the final outcome of this high-profile deal.
Source: Poultry World
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