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Fitch agency: perutnina ptuj acquisition on behalf of mhp marked positive

11/30/2018   •   Profession news
Fitch agency: perutnina ptuj acquisition on behalf of mhp marked positive

Fitch Ratings, one of the big three global independent credit agencies views MHP SE's pending acquisition of Slovenia-based Perutnina Ptuj as highly beneficial partnership. Namely, Fitch emphasizes the financial strength of MHP, which is planning to invest €200 million in developing the production base of its new partner, as well as the fact that both companies have similar, vertically integrated business models. Also, through the acquisition of Perutnina Ptuj, MHP is going to increase its presence in the EU and achieve higher profitability than other large international meat processors such as US firms Tyson and Smithfield.