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Highlights:

  • Strategic Expansion – MHP boosts its European poultry market presence with a 41% stake in UVESA.
  • Transaction Terms – Shares purchased at EUR 225 per share, with potential additional payments.
  • Regulatory Approvals – Spanish government approval secured; awaiting EU regulatory clearances.

MHP SE (LSE:MHPC), a leading international food and agriculture company, has signed a Share Purchase Agreement (SPA) on March 20, 2025, to acquire a 41% stake in UVESA, one of Spain’s largest poultry producers. This move marks a major step in MHP’s strategic expansion into the European poultry sector.

Key Terms of the Acquisition

Under the SPA, MHP will acquire UVESA shares at a fixed price of EUR 225 per share, with an additional contingent payment of up to EUR 21.43 per share based on certain post-closing conditions. Furthermore, other UVESA shareholders have one month to opt into the agreement under the same terms.

The entire purchase amount will be settled in cash upon closing. However, the deal is subject to regulatory approvals, including merger control clearances and foreign subsidies clearance from the European Commission.

Regulatory Milestones and Strategic Significance

On March 4, 2025, the Government of Spain formally approved MHP’s investment in UVESA, enhancing its position as a key investor in the European agri-food sector. The acquisition aligns with MHP’s broader goal of increasing its presence in Spain’s poultry industry, a market known for its significant consumer demand and growth potential.

About MHP SE

MHP is a publicly listed company on the London Stock Exchange, recognised for producing high-quality, healthy food products. The company operates across agriculture, food production, and retail sectors, with manufacturing facilities in Ukraine and the Balkans and subsidiaries across the Netherlands, the UK, the UAE, Saudi Arabia, and other EU nations.