REG - MHP SE - MHP offers to acquire UVESA Group

MHP SEAnnouncement

11/12/2024 07:00

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RNS Number : 6599P  MHP SE  11 December 2024

 

 

 

 

 

 

11 December 2024, Kyiv, Ukraine

MHP SE

 

MHP offers to acquire UVESA Group (Spain)

 

MHP SE (LSE: MHPC) ("MHP" or "the Group"), a leading international food group
with major production facilities in Ukraine and Southeastern Europe, is
announcing today that it has submitted a binding offer to acquire UVESA Group
("UVESA"), a market leader in the Spanish food industry with well-established
poultry and pork operations.

 

The transaction constitutes a tender offer addressed to all the current
shareholders of UVESA and is subject to the fulfillment of certain conditions,
including, but not limited to, achieving a minimum acceptance threshold of
50.01%. The requirement for regulatory approvals, if any, will be assessed and
addressed as necessary.

 

MHP is a group of food & culinary companies with a significant footprint
in Ukraine, and in Southeast Europe, where it operates under its fully owned
subsidiary Perutnina Ptuj. Other operations include a cutting facility in the
Netherlands, a joint venture in Saudi Arabia, and sales and distribution
offices in MENA (UAE, Saudi Aribia) and the UK. MHP Ukraine exports up to 60%
of its total poultry products to over 70 countries worldwide. In 2019, the
Group announced its strategic transformation into a culinary company launching
and bringing to market a range of value-added cooking products and food
solutions.

MHP's business model has enabled the Group to become one of the most efficient
poultry producers in the world and also helps the Group to maintain high
levels of quality control at every stage of the production process. All MHP
Ukraine's standards are in line with the most stringent EU guidelines for
poultry production. A key part of MHP's success to date has been a strong and
experienced team, efficiency in operations, sustained investment and
innovation, market and product diversification as well as resilience to the
challenges posed by the war in Ukraine.

This acquisition is another strategic step in the journey of MHP, which is
consolidating its position as an important player in the global food industry,
whilst also securing a strategic long-term investor for UVESA Group. The Group
is thrilled to have an opportunity to contribute to Spain's agricultural and
food sectors, utilising its significant expertise and advanced production
capabilities. Together we will help meet growing demand for high-quality,
affordable poultry products and food solutions in the world.

With a strong track record of adhering to stringent animal welfare and quality
standards MHP's expertise would complement and enhance Spain's existing
poultry industry, with the deal presenting significant opportunities for
sustainability, food security gains and animal welfare initiatives.

MHP's presence in Spain would create new jobs and provide valuable
opportunities for collaboration with local farmers and businesses, help to
strengthen the wider poultry supply chain and contribute to Spain's broader
agricultural sector, enhancing the country's food sustainability and driving
economic development.

 

 

 

For enquiries, please contact:

Anastasia Sobotiuk
+38 050 339 29 99

 
        +357 99 76 71 26
a.sobotyuk@mhp.com.ua (mailto:a.sobotyuk@mhp.com.ua)

 

About MHP Group

MHP is an international foodtech company with revenues of over €2.72 billion
(2023) and 32,000 employees worldwide, operating in the agriculture, food
production and retail sectors, with production facilities in Ukraine and the
SEE region, as well as subsidiaries in the Netherlands, the United Kingdom,
UAE, Saudi Arabia and other EU countries.

 

MHP is listed (GDRs) on the main market of the London Stock Exchange and
trades under the ticker symbol MHPC since 2008.

The Group exports its products to more than 70 countries around the world. The
company also manages c. 360,000 hectares of agricultural land in 12 regions of
Ukraine.

MHP maintains strict quality controls quality at every stage: from the grain
to the consumer's plate, as evidenced by international certificates, the
requirements of which are strictly adhered to in production.

 

MHP operates under several international quality and safety standards,
including: BRCGS Food, ISO 22000, GlobalG.A.P, GlobalS.L.P., GMP+, HALAL,
KOSHER and FSSC 22000.

 

BRCGS Food is an international norm for food safety management that is used
all over the world, and this certificate guarantees that the product is of
high quality and safe, in accordance with legal requirements and original.

 

MHP continues to hold #1 in poultry production in Europe in the WattPoultry
International ranking for the second year in a row.

 

MHP in Ukraine, in cooperation with its strategic partner, the MHP Charitable
Foundation - GROMADI, actively works on community development, making
communities more desirable places to live, while at the same time supporting
those who need it most.

 

MHP in Ukraine promotes the MHP Standing Together program, which provides
personalized assistance and comprehensive support to military personnel,
veterans, their families and those awaiting the return of their loved ones
from the battlefield.

 

MHP is implementing best-in-class people practices, with a strong focus on
fostering opportunities for professional growth and career advancement,
cultivating a culture of innovation and continuous improvement, ensuring a
fair and transparent system of compensation and benefits, and prioritizing the
mental and physical well-being of its employees.

 

 

EU and SEE: Perutnina Ptuj is a leading poultry and meat-processing producer
in the SEE. The Company has production assets in four Balkan countries:
Slovenia, Croatia, Serbia, Bosnia and Herzegovina. It owns distribution
companies in Austria, North Macedonia and Romania and supplies products to 15
countries in Europe. Perutnina Ptuj is a vertically integrated company across
all stages of chicken meat production.

 

Forward-Looking Statements

This press release might contain forward-looking statements that refer to
future events or forecast financial indicators for MHP SE. Such statements do
not guarantee that these are actions to be taken by MHP SE in the future, and
estimates can be inaccurate and uncertain. Actual final indicators and results
can considerably differ from those declared in any forward-looking statements.
MHP SE does not intend to change these statements to reflect actual results.

 

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