Mhp-controlled Uvesa To Buy Spanish Poultry Peer Payán Hermanos

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Uvesa, nan nutrient group controlled by Ukraine’s MHP, has struck a woody to bargain Spanish adjacent Payán Hermanos.

Financial position were not disclosed.

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“The statement represents an important measurement successful Uvesa’s improvement and reflects nan company’s strategy to sustainably fortify and grow its poultry business successful Spain,” a connection read.

Payán Hermanos, group up successful 1953, is based successful Maracena successful confederate Spain and markets a scope of poultry products to section customers.

“Payán is simply a institution pinch extended acquisition and recognised expertise successful nan poultry sector. Its integration into UVESA will fortify our operations and create caller opportunities for sustainable development,” Uvesa president Antonio Sánchez said.

London-listed MHP, nan largest poultry group successful Ukraine, took its shareholding successful Uvesa to 92% successful August past twelvemonth aft an earlier woody to bargain 41%.

At nan time, Sánchez said MHP’s controlling liking “marks a caller and important section for Uvesa, which will beryllium capable to boost its maturation acknowledgment to MHP’s extended acquisition successful operational innovation”.

Of nan move to bargain Payán Hermanos, Sánchez added: “The acquisition represents a earthy adjacent measurement for Uvesa pursuing its integration into nan MHP group, arsenic MHP continues to attraction connected strengthening nan companies wrong nan group and supporting their semipermanent development.”