KYIV – MHP SE (LSE: MHPC), an international food conglomerate with significant operations in Ukraine and Southeastern Europe, has made a binding offer to acquire the UVESA Group, a prominent player in the Spanish food industry known for its poultry and pork production. The acquisition attempt by MHP, announced today, is contingent upon reaching a minimum acceptance threshold of 50.01% among UVESA’s current shareholders, along with other unspecified conditions.
The proposed transaction would require regulatory approvals, which MHP will seek as necessary. This move represents MHP’s ongoing strategic expansion, aiming to bolster its position within the global food market while potentially providing UVESA with a stable long-term investor.
MHP operates a diverse food and culinary business, including a subsidiary in Southeast Europe, Perutnina Ptuj, and a cutting facility in the Netherlands. The company’s joint ventures and sales offices extend across the Middle East, North Africa, and the United Kingdom (TADAWUL:). With exports comprising 60% of its poultry products to over 70 countries, MHP is recognized for its efficiency and adherence to stringent EU guidelines for poultry production.
The acquisition would enable MHP to support Spain’s agricultural and food sectors, bringing its expertise and advanced production capabilities to the Spanish market. MHP highlights the potential benefits of the acquisition, such as job creation, collaboration with local farmers and businesses, and contributions to Spain’s food sustainability and economic development.
MHP’s track record of maintaining high standards of animal welfare and production quality is expected to complement and enhance Spain’s poultry industry. The company emphasizes the opportunities for sustainability, food security, and animal welfare initiatives that the deal could present.
This news is based on a press release statement and does not include any marketing promotion or subjective claims. The information presented is factual, and the potential acquisition is subject to shareholder acceptance and regulatory approval.
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