[REVISION HISTORY]
MHP acquisition of Nitsiakos
Updated 1 time since CLSTR started tracking revisions of this situation.
What changed
2026-08-14 04:47 UTC → 2026-08-29 06:35 UTC ·
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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. Analysts suggest As the takeover may trigger further consolidation in acquisition progresses, the sector or prompt entry of this major international player into the €1.5 billion Greek competitors to adjust their pricing 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 investment strategies. 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.
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