The Nitsiac, the largest private poultry producer in Greece and one of the country's most important vertically integrated food groups, signed an investment agreement with MHP SE, the leading poultry producer in Europe.
According to an announcement issued by Nitsiakos the transaction is projected to be completed in three successive phases over the following years, with MHP gradually gaining 70% of Nitsiakos. The completion of the first phase is subject to the approval required by the competent authorities. In addition, MHP can increase its participation up to 100% at a later stage.
This collaboration combines the strong productive basis, the leading position in the market and the long presence of Nitsiakos in Greece with the international expertise of MHP and its proven experience in developing food business in European markets.
Through this investment, Nitsakos is expected to further strengthen its productive and operational capabilities, accelerate the development of new products and expand its presence in international markets, utilizing MHP's expertise.
This new chapter creates strong conditions for the implementation of Nitsiakos' long-term development strategy and investment plans, maintaining its productive and administrative basis in Epirus. At the same time, it enhances the firm's stability, operational resilience and timeless relationships with employees, suppliers, partners and local communities throughout Greece.
Yuriy Kosyuk, Founder and CEO of MHP, said: «Every time MHP enters a new market, our ambition goes beyond business growth. Our aim is to strengthen the domestic food industry, promote the sustainability of the food system and contribute substantially to the economic development of the country. Our cooperation with Nitsiakos is based on a common set of values: long-term cooperation with local producers, deep respect for local traditions and continuous investment in local communities.
With its strong reputation and deep roots in Greece, Nitsakos represents exactly the kind of partner we seek. The biggest advantage of the company is its people – a group whose know-how, loyalty and close connection with local society have, for generations, created a business that has been trusted and respected. We are committed to safeguarding Nitsiakos' special character and heritage, while supporting its next development phase through MHP know-how, technological innovation and access to international markets».
Kostas Nitsakos, Managing Director of Nitsakos, added: «This agreement marks the next stage in the course of Nitsiakos and reflects the strength, stability and long-term prospects the company has built over the years. Cooperation with MHP creates the conditions to accelerate our development, strengthen our investment dynamics and expand our international presence, remaining loyal to our values and people. What gives us confidence is MHP's proven approach to developing strong local businesses, with respect for their identity, history and role in the societies where they operate».
Who's MHP?
MHP has a strong history of developing European businesses. A typical example is Perutlina Ptuj, which after its acquisition by the group in 2019 developed into one of the most dynamic poultry production companies in Southeast Europe. By 2025, its production had almost doubled and EBITDA had tripled, while more than €241 million were invested in modernising and expanding the company's activities.
In 2025, MHP also completed the acquisition of more than 92% of UVESA Group's share capital, one of the leading vertically integrated poultry and pork producers in Spain, further expanding its presence in Western Europe.
These examples confirm MHP's long-term strategy to invest in strong local enterprises, strengthening their development through know-how, investment and access to international markets. It brings the same philosophy to Nitsiakos today.
Advisers
FinPoint acted as an exclusive financial advisor and Baker McKenzie as MHP's main legal advisor while Value Partners M.E.P.E. acted as an exclusive financial advisor and PotamitisVekris as Nitsiakos' main legal advisor.
