Ukrainian agribusiness group MHP, led by Yuriy Kosiuk, has announced the successful completion of the accession period under the Share Purchase Agreement (SPA) with shareholders of Grupo Uvesa, Spain’s second-largest poultry producer, according to an official MHP press release.
By acquiring 91.77% of Uvesa’s share capital, MHP is set to secure an absolute majority stake in the company once the transaction is finalized. Completion is expected following satisfaction of customary conditions, including antitrust clearance and foreign subsidy alignment with the European Commission.
The terms of the SPA remain unchanged: a fixed acquisition price of €225 per share and an additional conditional payment of up to €21.43 per share.
On March 20, MHP, listed on the London Stock Exchange, signed a share purchase agreement with Uvesa shareholders holding over 41% of the company. Other shareholders were granted one month to join the deal, according to MHP’s earlier statement.
Grupo Uvesa is one of Spain’s leading food producers, with over 60 years of experience in poultry meat and feed production.
