Greek Poultry Producer with €540 Million Revenue Acquired by Ukrainian Agribusiness Giant

Acquisition of Th. Nitsiakos AVEE

According to Главком: Myronivsky Hliboproduct (MHP) has finalized an agreement to secure 70% of Th. Nitsiakos AVEE, a leading Greek poultry firm headquartered in Ioannina, northwestern Greece. This company generates annual revenues of approximately €540 million. The deal will take effect once standard regulatory approvals are granted, with MHP gradually acquiring its 70% stake over several years and holding the option to increase ownership to 100%.

Yuriy Kosiuk, CEO of MHP, stated: 'Th. Nitsiakos AVEE brings over 50 years of expertise in Greece’s food industry and has built a robust business. I am confident that together we will forge an effective partnership, strengthening the international segment of the MHP group and ultimately enabling our operations in Ukraine to remain resilient and grow.'

Investment Strategy and Deal Significance

This transaction marks MHP’s third major international deal since the onset of the full-scale war. Earlier in 2025, the company acquired Spain’s Grupo UVESA and Ukraine’s Ukrainian Meat Khutir. MHP continues to pursue an aggressive investment strategy, having poured around UAH 30 billion into its Ukrainian business between 2022 and 2025. The company now supports a workforce of 32,000 employees, has launched a new facility in Dnipro, and started biomethane production.

As the largest taxpayer in Ukraine’s agricultural sector, MHP underscores its critical role in the national economy. The firm’s ability to raise $450 million through a eurobond offering in early 2026-with demand exceeding supply by five times-highlights its stability and investor confidence.

The acquisition of Th. Nitsiakos AVEE underscores MHP’s strategy to expand its international footprint and diversify its operations amid ongoing instability. This move could bolster the company’s standing in the European market while providing additional resources to sustain its core business in Ukraine. Such deals reflect MHP’s drive to strengthen its economic foundation and remain competitive despite the challenges posed by war and the country’s economic climate.