A Ukrainian agroholding has acquired one of the largest poultry producers in Spain.

MHP, the Ukrainian agro-industrial company, has become the majority shareholder in Uvesa, a leading Spanish poultry firm. In March, MHP secured 41% of Uvesa’s shares and later entered into additional agreements with other shareholders under identical terms, enabling it to increase its stake to 91.77%. The purchase price amounts to €225 per share, with the potential for additional consideration of up to €21.43 per share under specific conditions after the deal is finalized. The transaction requires approval from the European Commission to proceed.

MHP, Ukraine’s largest chicken producer, has production facilities in Ukraine and Southeastern Europe, is developing its own chain of stores, and exports products to over 80 countries. The company reported a net profit of $144M in 2024, marking a 1.4% increase from 2023. The holding company’s revenue for the year rose to $3.05B compared to $3.02B in 2023. Net profit was affected by a non-cash loss from exchange rate differences, totaling $125M for 2024, compared to $40M in 2023.