Ukrainian poultry and feed producer MHP signed a new share purchase agreement (SPA) with shareholders of Uvesa Group, which would increase MHP’s committed shareholding to 50.54% of the Spanish poultry producer.
Uvesa announced the new agreement six days after it was announced that the two parties had reached an SPA in which MPH would take ownership of approximately 41% of Uvesa shares. Included in that deal was a stipulation that would allow other Uvesa shareholders to join the SPA within one month.
As a result of this increased shareholding, MHP is now in a position to obtain control of Uvesa once the transaction closes, subject to the relevant regulatory approvals, including competition clearances and foreign subsidy clearance from the European Commission.
This proposed transaction, MHP said, is fully aligned with its strategic objective of expanding its presence in the European poultry sector and reinforcing its long-term commitment to sustainable growth, innovation and economic value creation in Spain and beyond.
The Ukraine-based MHP is the world’s eighth largest poultry company and 73rd largest feed company, producing 704 million broilers and 2.2 million metric tons of feed annually. Uvesa, headquartered in Spain, is Europe’s 17th largest poultry company, producing 95 million broilers annually, according to data from the WATTPoultry.com Top Poultry Companies Database.
The SPAs followed a December 2024 offer from MPH to acquire Uvesa, with that offer requiring the acceptance of the majority of Uvesa shareholders. Following that offer, Spanish agrifood company Grupo Fuertes made its own offer to acquire Uvesa. Grupo Fuertes formerly was part owner of Tambov Turkey, which was created through a joint venture with Cherkizovo, however, Cherkizovo is now the sole owner of Tambov Turkey.
