We’re pleased to have supported the sellers of Th. Nitsiakos AVEE in connection with the sale to MHP SE of a controlling stake in the leading Greek poultry group.
MHP SE has announced that its wholly owned subsidiary has entered into a share purchase agreement with the existing shareholders of Th. Nitsiakos AVEE for the acquisition of a stake of up to 100% in the business over time.
The transaction will be implemented through a staged acquisition structure. Under the terms of the agreement, MHP will initially acquire 70% of the share capital of Nitsiakos in three sequential tranches, with completion of the first tranche expected following satisfaction of customary conditions, including regulatory approvals. Subsequent tranches are scheduled to take place before 31 December 2027 and 31 December 2028 respectively.
The agreement also includes a put option mechanism, whereby the remaining 30% minority shareholders may require MHP to acquire their shares between 2030 and 2035. If exercised in full, this would result in MHP obtaining 100% ownership of the business.
Founded in the 1970s and headquartered in Ioannina, Nitsiakos is one of Greece’s leading vertically integrated food production groups and the country’s largest poultry producer, with activities spanning poultry and meat production, animal feed and pet food. The business generated consolidated revenues of approximately €540 million for the year ended 31 December 2025.
Our team advised the sellers of Th. Nitsiakos AVEE on the English law aspects of the transaction. The team was led by Anthony Paizes (Partner), supported by Dimitrios Beis (Legal Director) and Alexandros Mendonidis (Associate).
Supporting this transaction has been a privilege for our team. Th. Nitsiakos AVEE is a market-leading business with a long-standing heritage in Greece and this strategic investment by MHP SE marks an important milestone in its continued development.Anthony Paizes
Partner at Hill Dickinson
Anthony Paizes, Shipping Partner at Hill Dickinson, said: “Supporting this transaction has been a privilege for our team. Th. Nitsiakos AVEE is a market-leading business with a long-standing heritage in Greece and this strategic investment by MHP SE marks an important milestone in its continued development.
“The staged structure of the deal reflects a carefully considered approach by all parties and supports a smooth transition of ownership over time. We’re pleased to have worked alongside the sellers on this significant transaction and look forward to seeing the business continue to grow.”