One of the largest poultry producers, MHP (Kyiv), announced the successful completion of the merger period under the Share Purchase Agreement (SPA) with the shareholders of Grupo UVESA, one of the leaders in the Spanish food industry market in the field of poultry production.
This was announced in the company's statement, Ukrainian News Agency reports.
The statement states that, after signing the SPA on March 20, 2025 with shareholders representing 41% of UVESA's authorized capital, MHP concluded additional merger agreements with other shareholders, which allowed MHP to acquire 91.77% of UVESA's authorized capital.
It is noted that this important stage will allow MHP to obtain an absolute majority in UVESA's authorized capital after the transaction is completed.
The transaction will be completed after the previously announced conditions are met, including obtaining merger clearances and foreign subsidy approvals from the European Commission.
The terms of the SPA remain unchanged, including a fixed purchase price of EUR 225 per share and an additional contingent consideration of up to EUR 21.43 per share.
The payment will be made in cash upon closing and secured by a bank guarantee on demand.
As Ukrainian News Agency earlier reported, on March 20, MHP signed an agreement to acquire shares from 41% of the shareholders of UVESA, one of the leaders of the Spanish food industry in the field of poultry meat production.
MHP is a vertically integrated complex of enterprises for the production of chicken, hatching eggs, feed, is engaged in crop production, cultivates 360,000 hectares of land, produces chicken meat under the name Nasha Riaba.
The founder of the company is Yurii Kosiuk.
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