As soon as MHP took possession of Perutnina Ptuj stock, five of the nine members of the supervisory board were replaced with four MHP managers and Ljubljana lawyer Uroš Ilić, who was named chief supervisor.

The supervisory board appointed a new management, which will be a mix of senior Perutnina and MHP staff.

Enver Šišić, the new CEO, has worked at Perutnina since 1998 save for a brief stint as manager of Lactalis subsidiary Dukat in Croatia. Similarly, David Visenjak has been with the company since 2002.

The third board member, Yevgeny A. Dranov, hails from the MHP Group, where he has worked as senior financial reporting manager.

The appointments wrap up what MHP said was its first such acquisition in Europe. The final transaction price will be revealed once all assets are priced at fair value.

The company has repeatedly said it will invest in Perutnina and today reiterated its pledge to create new jobs, expand production and develop the Perutnina brand.

"We're glad to have closed the transaction and to start realising our ambitious plans," MHP Holding director Yuriy Kosiuk was quoted as saying,

He said the partnership made MHP the fastest growing poultry producer in Europe and was an important stepping stone on the way to making MHP a major player on the international poultry market.