The Saudi Agricultural and Livestock Investment Co (SALIC), a wholly-owned subsidiary of the Public Investment Fund (PIF), has acquired a 12.6% stake in MHP SE, a food and agrotech firm listed on the London Stock Exchange and based in Ukraine. SALIC purchased 13.5 million of MHP’s global depositary receipts, aligning with its strategy to expand its global footprint and enhance its value chain. MHP is a significant player in Europe’s poultry production and one of Ukraine’s largest grain and vegetable oil producers, managing over 300,000 hectares of agricultural land. This acquisition supports Saudi Arabia’s food security strategy, as SALIC aims to leverage MHP’s established market position and access to fertile agricultural regions in the Black Sea area.
Agricultural Investment, Food Security, Agrotech,Saudi Arabia, Ukraine, United Kingdom
https://www.zawya.com/en/markets/equities/saudi-pif-unit-salic-acquires-126-stake-in-lse-listed-ukraine-food-products-firm-u2dsi28n