MHP submits a bid to acquire the food group Uvesa. Grupo Uvesa is one of the leaders in the food industry in Spain thanks to its vertical integration in poultry and pork. It operates feed mills, slaughterhouses and farms across various regions.
The international group MHP has submitted a binding offer to acquire the Spanish food company Uvesa, which has consolidated operations in the poultry and pork sectors. Headquartered in Tudela (Navarra), the company has a plant, among other national locations, in Málaga.
The transaction takes the form of a public takeover bid, on which neither of the two companies involved has provided figures regarding cost or share price, and is directed at all Uvesa shareholders. It is subject to the condition that a minimum acceptance threshold of 50.01% is reached. The company has stated that any required regulatory approvals will be assessed and managed accordingly.
The offer for Uvesa will need to be accepted by more than half of the 1,500 shareholders of the Spanish company, which was founded in the 1960s.
The company refers to its 1,500 shareholders as the Uvesa Family, taking pride in the fact that a large proportion of them are the second or third generation of its founding partners.
MHP, which is listed on the London Stock Exchange, is an international food group with major production facilities in Ukraine and Eastern Europe, where it operates through its wholly owned subsidiary Perutnina Ptuj. MHP Ukraine exports up to 60% of its total poultry output to more than 70 countries worldwide. Its other operations include a cut-up plant in the Netherlands, a joint venture in Saudi Arabia, and sales and distribution centres in the Middle East (UAE and Saudi Arabia), as well as in the United Kingdom and other European Union countries. In 2023, it achieved revenues in excess of €2.7 billion and employs 32,000 people worldwide.
Uvesa, headquartered in Tudela (Navarra), is one of Spain’s leading groups producing chicken and pork products. It also manufactures animal feed and operates plants in Andalusia, the Valencian Community and Castilla y León. Specifically, a facility dedicated to poultry is located in Málaga.
MHP’s plans
The acquisition of the “market leader in the Spanish food industry with consolidated operations in the poultry and pork sectors”, as described by the group, would represent “another strategic step” consolidating “its position as a major player in the global food industry, while securing a long-term strategic investor for Uvesa”.
“MHP is confident that, together, they will help meet the growing global demand for poultry products and high-quality, affordable food solutions”, the company states. Its expertise “will complement and enhance the existing poultry industry in Spain, with this transaction presenting significant opportunities to advance sustainability, food safety and animal welfare initiatives”.
The presence of this international group in Spain, they explain, would create new jobs and provide “valuable opportunities” for collaboration with local farmers and businesses, strengthening the overall poultry supply chain and contributing to the Spanish agricultural sector, improving the country’s food sustainability and driving economic development”, it has emphasised.
MHP employs 32,000 people and operates plants in Ukraine and Eastern Europe, as well as having a presence in the Netherlands, the United Kingdom, the United Arab Emirates, Saudi Arabia and other EU countries. The group is listed on the London Stock Exchange and exports its products to more than 70 countries.
For further information:
-. Presentation GRUPO UVESA
-. Official press release from UVESA dated 11 Dec 2024
-. “More than 3,000 employees of the Ukrainian group MHP, which has launched a bid to acquire Spanish company Uvesa, the country’s second largest poultry producer, have been called up for military service due to the war against Russia.”
-. Other News about MHP on NeXusAvicultura.com
-. Other news about Investment in the poultry sector on NeXusAvicultura.com