Greece: MHP SE to take majority stake in Nitsiakos

MHP SE, the international food and agri-business group, has entered into a share purchase agreement to acquire a stake of up to 100% in Nitsiakos, the Greek poultry group.

Under the terms of the agreement, MHP SE’s wholly-owned subsidiary will initially acquire 70% of the target’s share capital in three sequential tranches. Completion of the first tranche is expected to occur in the first quarter of 2027, subject to regulatory clearances. For the remaining 30% of the share capital, the existing shareholders have been granted a put option exercisable between 2030 and 2035. The purchase price for the initial tranche will be tied to the target company’s EBITDA for the financial year ended 31st December 2025.

Headquartered in Ioannina, Nitsiakos is Greece’s largest poultry producer and is active in the production and distribution of poultry, meat, animal feed and pet food. The target generated consolidated revenue of approximately €540 million ($540 million) for the financial year ended 31st December 2025.

With this acquisition, MHP SE, which is Europe’s leading poultry producer according to WattPoultry, is continuing its international expansion following its previous acquisitions of Perutnina Ptuj in 2019 and Spain’s UVESA Group in 2025.