Ukrainian agro-industrial group MHP has signed an agreement to acquire a stake in Greek company Th. Nitsiakos AVEE, the largest chicken producer in Greece and one of the leading players in the local meat products market. The transaction provides for a long-term strategic partnership between the parties and the phased acquisition by MHP of a 70% stake in the company over several years. The parties have also agreed on the possibility of further increasing the Ukrainian group’s stake to 100%. Completion of the transaction will be subject to customary closing conditions, including obtaining the required regulatory approvals.
MHP founder and CEO Yuriy Kosyuk said the transaction is an important step in strengthening the company’s international business segment. According to him, the development of overseas assets supports the resilience of the group’s Ukrainian business and creates additional opportunities for its growth. He also noted that between 2022 and 2025 alone, MHP invested around UAH 30 billion in the development of its business in Ukraine.
Th. Nitsiakos AVEE has been operating in the Greek market for more than 50 years and is considered one of the country’s largest vertically integrated producers of meat products. The company produces poultry, beef, pork and rabbit meat, and also manufactures animal feed. The group employs more than 1,000 people.
Nitsiakos’ production infrastructure includes four feed mills located in Ioannina, Arta, Athens and Thessaloniki. Each year, they process around 350,000 tonnes of grains and 200,000 tonnes of soybean meal. The company’s assets also include hatcheries, poultry farms, meat processing facilities, logistics centers and port storage complexes with a total area of approximately 35,000 sq. m. In addition, the company owns an animal protein processing plant with a capacity of 7 tonnes per hour.
In 2025, Th. Nitsiakos AVEE generated revenue of around EUR 540 million, making it one of the largest food producers in Greece.
For MHP, the transaction will be another step toward expanding its presence in the European market. Founded by Yuriy Kosyuk, the company is the largest chicken producer in Ukraine and an international agri-food and technology group. It cultivates around 350,000 hectares of agricultural land across 12 regions of Ukraine, has production assets in Ukraine and Southeast Europe, and supplies products to more than 80 countries worldwide. The company’s portfolio includes more than 15 food brands, while its retail segment is developed through the partner networks Miasomarket and Döner Market.
MHP’s financial results for 2025 showed growth in key indicators. The company’s revenue increased by 24% to USD 3.77 billion, while net profit rose by almost one-third to USD 187 million. Adjusted EBITDA amounted to USD 569 million. At the same time, the EBITDA margin declined from 19% to 15% amid rising costs and weaker performance in certain business segments. In the fourth quarter of 2025, the company reported a net loss of USD 28 million.
MHP continues to increase production of higher value-added products. In 2025, sales of processed meat products grew by 27% to 57,300 tonnes. At the same time, sunflower oil production decreased by 41% due to the high cost of raw materials, while EBITDA in this segment fell by 71% to USD 14 million. Poultry meat production in Ukraine also declined by 5% to 677,000 tonnes, despite the company’s production facilities operating at full capacity.
The acquisition of a stake in Nitsiakos will enable MHP to significantly strengthen its position in the European Union market, diversify its revenue sources and expand its production base in Southern and Southeastern Europe. For the Ukrainian company, this is one of the most significant international transactions in recent years, confirming its strategy of further expansion into foreign markets.
