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3 clusters · 4 sources · 23 days · First seen · Last updated

MHP acquisition of Nitsiakos

Overview

Greek poultry producer Nitsiakos experienced significant financial growth during 2025, reporting a turnover increase of 7.68% to approximately €570 million and a 5.4% rise in net profits to €27.84 million. This period of expansion included an intensive €48.2 million investment program in fixed assets.

Following this growth, the Ukrainian agribusiness group MHP, led by Yuriy Kosiuk, completed the acquisition of a 70% stake in Nitsiakos through its subsidiary Perutnina. The deal, which was approved in July 2026, is expected to reshape the Greek poultry market by potentially lowering production costs and retail prices through increased efficiencies.

As the acquisition progresses, the entry of this major international player into the €1.5 billion Greek poultry market has shifted the competitive landscape. While the presence of MHP has prompted discussions regarding potential mergers among local cooperatives, such as Pindos and the Arta Agricultural Poultry Cooperative, no immediate consolidations are currently planned. Local producers have acknowledged increased pressure from large-scale international competitors, even as management notes ongoing challenges including market uncertainty and volatile raw material and energy prices.

Entities

MHP · Nitsiakos · Yuriy Kosinskiy · Yuriy Kosiuk · Kostas Nitsiakos

Timeline

  1. 24 days ago

    [BUSINESS] 2 sources
    Greek agricultural markets see olive oil price drops and poultry industry shifts

    Greek olive oil prices have fallen 5.2% in a month, while the poultry sector faces new competition following MHP's acquisition of Nitsiakos.

  2. about 1 month ago

    [BUSINESS] 2 sources
    Nitsiakos reports profit growth ahead of MHP acquisition

    Greek poultry firm Nitsiakos reported a 7.7% increase in 2025 turnover to €570 million and €27.84 million in net profits ahead of its 70% acquisition by European giant MHP.

  3. about 2 months ago

    [BUSINESS] 2 sources
    MHP's takeover of Nitsiakos to reshape Greece's poultry market

    MHP, led by Yuriy Kosiuk, bought 70% of Greek poultry firm Nitsiakos via Perutnina, a move that may cut costs, lower prices and trigger consolidation in Greece's poultry market.

Sources

capital.gr · cretaone.gr · mononews.gr · ot.gr

This summary has been updated 1 time: see revision history