MHP announced the new price on Thursday, having settled on the final price with SIJ, the Russian-owned steel group from which it acquired a majority stake in Perutnina in November 2018.

MHP paid EUR 176.3m for the stake. To acquire all the remaining shares, it would pay another EUR 22.69m.

The holding, acting through its Cypriot affiliate Hemiak Investments, initially offered EUR 17.82 per share for the remaining shares, or just over EUR 18m for the outstanding stake.

MHP finalised the acquisition of Pertutnina in mid-February when it received the go ahead from the Competition Protection Agency.

MHP said it was currently examining Perutnina Ptuj's production capacities and would set out a comprehensive modernisation plan to interested stakeholders in Slovenia and in London later this year.