Nitsiakos, Greece’s largest poultry producer and one of the country’s leading vertically integrated food groups, has signed an investment agreement withMHP, Europe’s leading poultry producer.
The transaction is expected to be completed in three successive phases over the coming years, with MHP gradually acquiring 70% of Nitsiakos. Completion of the first phase is subject to obtaining the necessary approvals from the relevant authorities. Furthermore, MHP may increase its stake to up to 100% at a later stage.
This partnership combines Nitsiakos’s strong production base, market leadership, and long-standing presence in Greece with MHP’s international expertise and proven experience in developing food businesses in European markets, according to the announcement.
Through this investment, Nitsiakos is expected to further strengthen its production and operational capabilities, accelerate the development of new products, and expand its presence in international markets by leveraging MHP’s expertise.
This new chapter creates strong foundations for the implementation of Nitsiakos’ long-term growth strategy and investment plans, while maintaining its production and administrative base in Epirus. At the same time, it strengthens the company’s stability, operational resilience, and long-standing relationships with employees, suppliers, partners, and local communities throughout Greece.
Yuriy Kosyuk, founder and CEO of MHP, stated:
“Every time MHP enters a new market, our ambition goes beyond business growth. Our goal is to strengthen the domestic food industry, promote the sustainability of the food system, and make a meaningful contribution to the country’s economic growth. Our partnership with Nitsiakos is based on a shared set of values: long-term collaboration with local producers, deep respect for local traditions, and continuous investment in local communities.
With its strong reputation and deep roots in Greece, Nitsiakos represents exactly the kind of partner we are looking for. The company’s greatest asset is its people—a team whose expertise, dedication, and close ties to the local community have, over generations, built a business that is trusted and respected. “We are committed to preserving the unique character and heritage of Nitsiakos, while supporting its next phase of growth through MHP’s expertise, technological innovation, and access to international markets.”
Kostas Nitsiakos, CEO of Nitsiakos, added:
“This agreement marks the next stage in Nitsiakos’ journey and reflects the strength, stability, and long-term prospects the company has built over the years. The partnership with MHP creates the conditions for us to accelerate our growth, strengthen our investment momentum, and expand our international presence, while remaining true to our values and our 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 communities where they operate.”
MHP has a strong track record in developing European businesses. A prime example is Perutnina Ptuj, which, following its acquisition by the group in 2019, has evolved into one of the most dynamic poultry production companies in Southeast Europe. By 2025, its production had nearly doubled and EBITDA had tripled, while more than €241 million was invested in modernizing and expanding the company’s operations.
In 2025, MHP also completed the acquisition of more than 92% of the share capital of the UVESA Group, one of Spain’s leading vertically integrated poultry and pork producers, further expanding its presence in Western Europe.
These examples confirm MHP’s long-term strategy of investing in strong local businesses, bolstering their growth through expertise, investment, and access to international markets. It is bringing the same philosophy to Nitsiakos today.
Advisors
FinPoint acted as exclusive financial advisor and Baker McKenzie as lead legal advisor to MHP.
Value Partners M.E.P.E. acted as exclusive financial advisor and PotamitisVekris as lead legal advisor to Nitsiakos.