Ukraine’s MHP to complete takeover of Spain’s Uvesa Group

EUROPE – Ukraine-headquartered MHP has finalized the acquisition of a 92% shareholding in Spanish-based Grupo Uvesa, marking the end of a share purchase process that began in late 2024.

The announcement was made by MHP founder and chief executive Yuriy Kosyuk after the deal received approvals from competition regulators in Spain, Ukraine, and several other jurisdictions, including Saudi Arabia, Serbia, Montenegro and Kosovo.

MHP, which operates across various regions, is expected to integrate Uvesa’s business into its existing European portfolio, focusing on growth and market expansion.

According to Kosyuk, MHP plans to support Uvesa in scaling its operations, enhancing production processes, and entering new international markets.

He said the integration would center on operational efficiency, technology-driven innovation, and workplace development within Uvesa’s structure.

Uvesa president Antonio Sánchez said the acquisition presents an opportunity for the company to grow further by utilizing MHP’s technical knowledge and management experience in food production.

The purchase was carried out through Perutnina Ptuj, MHP’s European unit, which led the transaction on behalf of the Ukrainian parent firm.

MHP had initially revealed its intentions to buy Uvesa in December 2024, and by April 2025, Spanish regulators had cleared the sale, allowing MHP to take control of over half of Uvesa’s shares.

Poultry market consolidation

MHP is currently ranked as the largest poultry producer in Europe, with an annual output of 704 million chickens, according to WATT Poultry’s 2023 data.

In the same survey, Uvesa was reported to produce 95 million birds annually, placing it among the top 30 poultry producers in Europe and the second-largest in Spain.

Besides poultry, Uvesa is involved in pork production and animal feed manufacturing, operating primarily out of the Navarre region in northern Spain.

Earlier this year, Uvesa expanded its footprint by acquiring a hatchery in La Rioja and initiating plans to purchase two breeder farms in the area.

MHP, which has faced various difficulties in its domestic market, recorded an 8% rise in revenue in the most recent financial year, with a 30% increase in operating profit and an operating margin that improved by three points to reach 14%.

For the first quarter of 2025, the company reported stable sales figures driven by continued demand for poultry products in core markets.

The financial details of the acquisition were not disclosed.

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