MHP to acquire Greek producer Nitsiakos
Deal could give MHP full control of company with €540m in revenue
8 June 2026
1 minute read
By: Ukrainian poultry company MHP has signed an agreement to acquire a stake of up to 100% in Nitsiakos, one of Greece's largest vertically integrated poultry producers, according to a press release from MHP. The first tranche is expected to close in the first quarter of 2027, subject to regulatory clearance.
Under the deal, MHP will acquire 70% of Nitsiakos in three sequential tranches, with the remaining 30% subject to a put option exercisable by existing shareholders between 2030 and 2035.
Founded in the 1970s and headquartered in Ioannina, Nitsiakos is active in the production and distribution of poultry, meat, animal feed and pet food, with a long-standing presence in the Epirus region. The company reported consolidated revenue of approximately EUR 540 million for the financial year ended Dec. 31, 2025.
The purchase price for the initial tranche will be tied to Nitsiakos's EBITDA for the 2025 financial year, with subsequent tranches priced on the same formula. Financial terms for each tranche will be disclosed separately at the time of completion.
