The successful conclusion of the adherence period related to the Share Purchase Agreement between MHP and the shareholders of Grupo UVESA, one of Spain's leading poultry producers, is announced.
MHP has been able to acquire a total of 91.77% of UVESA's share capital after signing additional adherence deeds with other shareholders.
John Rich is the Executive Chairman of the MHP Board of Directors.
The completion of the transaction paves the way for MHP to deepen its strategic alignment with UVESA.
Completion is subject to the same conditions as before, including merger control clearances and foreign subsidies clearance by the European Commission.
The transaction will be settled in cash at closing, supported by a first-demand bank guarantee.
Antonio Snchez is the President of UVESA.
We are entering a new phase focused on building a strong and sustainable future.
About MHP.
The company produces high-quality healthy food products that enhance consumers' lives and is listed on the London Stock Exchange.
MHP is one of the top 10 employers in Ukraine and employs over 36,000 people in the country and abroad.
MHP sees its mission as supporting the economy and food security of Ukraine during the full-scale war.
MHP develops over 15 product brands, including Qualiko, Sultanah, ssilah, Nasha Ryaba, Apetytna, Lehko!, Bashchynskyi, Skott Smeat, and others.
To ensure that Ukrainians have access to high-quality and delicious food, the company, together with its partners, develops several retail chains, which offer tasty and safe fast food.
In collaboration with its strategic partner, the Charitable Foundation MHP in Ukraine is actively engaged in community development enhancing community livability while also supporting those in greatest need.
Military personnel, veterans, their families, and those awaiting the return of their loved ones from the frontlines are supported by the MHP Standing Together program.
The founder and CEO of MHP is a Ukranian man.
About UVESA.
The company's vertically integrated model ensures meticulous oversight across all production stages, reinforcing its commitment to quality and food safety.
There is a poultry business.
One of Spain's foremost chicken producers, UVESA operates state-of-the-art facilities equipped with advanced automation and stringent process controls.
Pork is a sector.
Pork production and genetics is a major supplier to the country's leading meat companies.
There is a feed area.
The company's feed manufacturing centers use cutting-edge technologies to produce feed that is rich in vitamins and minerals.
UVESA has experienced significant growth due to the dedication of its workforce and the trust of its stakeholders.
MHP is the source.
MHP presented its vision of developing a socially and environmentally responsible model of the company.
MHP, a leading international food and agri company, signed a Share Purchase Agreement with its shareholders.
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Source prnewswire