KYIV, UKRAINE — MHP, a Ukraine-based poultry processor, confirmed on April 28 that it would acquire 91.77% of share capital in Grupo UVESA, one of Spain’s largest poultry companies.

The two sides concluded a share purchase agreement (SPA), with the Ukrainian company representing 41% of UVESA’s share capital last month.

“This important milestone paves the way for MHP to deepen its strategic alignment with UVESA following the completion of the transaction,” said John Rich, executive chairman of the MHP board of directors. “MHP sees this strategic investment as a pivotal step in strengthening our footprint in the European poultry sector. Our partnership with UVESA unlocks new potential for sustainable growth and expanded market access across new markets in Europe and the Middle East.”

The deal will require approvals, including merger control clearance and foreign subsidies clearance by the European Commission.

“Together with MHP, we are entering a new phase focused on building a strong and sustainable future,” said Antonio Sánchez, president of UVESA. “We remain committed to quality, people, and long-term impact. Our people have always been, are, and will remain at the heart of everything we do. As we move forward, we stay true to our shared values and strive to make a positive impact on both our employees and the communities we serve.”

The first offer for the acquisition was announced in Dec. 2024.

In September, the Saudi Agricultural and Livestock Investment Co. (SALIC) invested in a minority stake in MHP.