20 Nov 2018 14:23
20 November 2018, Ljubljana, Slovenia / Kyiv, Ukraine
MHP SE
MHP SE has signed an agreement for the sale and purchase of 90.68% shares of issued share capital of Perutnina Ptuj D.D.
Ljubljana, Slovenia / Kyiv, Ukraine, 20 November 2018 - MHP SE (LSE:MHPC), a leading international agro-industrial group, following the announcement of its intention to acquire Perutnina Ptuj D.D. ('Perutnina') on 26th September 2018, announces today that MHP has signed an agreement for the acquisition of 90.68% of the issued share capital of Perutnina, a well-established and vertically integrated company in Southeast Europe, including, Slovenia.
MHP is undertaking major strategic step with the acquisition of Perutnina, which will add value to the company and strengthen its position as a global player. The plans are to grow sales of existing Perutnina brands/products in the wider Balkans and in Western Europe.
Recently, MHP announced its plans to invest around €200 million in the Perutnina production base over the next 4 to 5 years to strengthen its existing business model, invest in development and technology, as well as strong brands of Perutnina.
The pending transaction is subject to customary closing conditions, including antitrust clearance being obtained.
Note: "The European Union Market Abuse Regulation EU 596/2014 requires MHP SE to disclose that this announcement contains inside information, as defined in that Regulation.
For enquiries, please contact:
Anastasia Sobotiuk (Kyiv) +38 044 207 99 58
Director of IR & Company Secretary a.sobotyuk@mhp.com.ua
Mhp Reg S (MHPC)