MHP agrees deal to acquire controlling stake in Greek poultry company Nitsiakos
The agreement includes an option that could allow MHP to take full ownership in the future.
UKRAINE – Ukrainian food and agribusiness company MHP has signed an agreement to acquire a controlling interest in Greek poultry producer Nitsiakos, marking another step in the company’s expansion across European poultry markets.
According to a stock exchange announcement, MHP will purchase a 70% stake in Nitsiakos through a three-phase transaction that is scheduled to be completed over the next several years.
The first portion of the acquisition is expected to close in the first quarter of 2027, the second phase is planned for before the end of 2027, and the final tranche is due to be completed before December 2028.
As part of the arrangement, the current owners of Nitsiakos have been granted a put option on the remaining 30% shareholding, exercisable between 2030 and 2035.
MHP stated that the value of each stage of the acquisition will be disclosed separately upon completion of the respective transactions.
Greek poultry business
Founded in the 1970s and headquartered in Ioannina, Nitsiakos operates across poultry production, animal feed manufacturing and pet food activities within Greece.
The company describes itself as the country’s largest producer of chicken meat and runs two poultry slaughter facilities capable of processing up to 41 million birds annually.
Its operations also include a red-meat processing plant and a slaughterhouse that handles turkeys and rabbits.
In 2025, Nitsiakos generated consolidated revenue of approximately US$629 million.
Expansion across Europe
The planned acquisition continues MHP’s strategy of expanding its presence beyond Ukraine through investments in poultry businesses across Europe.
The company entered the south-eastern European market in 2019 when it acquired Perutnina Ptuj, a poultry producer with operations across several countries in the region.
More recently, MHP completed the acquisition of Spain’s Uvesa Group in 2025, extending its footprint in the Western European poultry sector.
Earlier this year, Uvesa announced an agreement to acquire the Spanish poultry company Payán Hermanos, based in Maracena in southern Spain and supplying poultry products to the domestic market.
MHP, which was founded by chief executive Yuriy Kosyuk and is listed in London, reported revenue of US$3.76 billion for 2025, representing a 23.6% increase from the previous year.
The company recorded an operating profit of US$376 million during the period, down 8.9% from 2024, while profit for the year rose 29.8% to reach US$187 million.
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