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Cherkizovo acquires Bashkortostan’s largest agricultural holding

06 december 2022
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Ufa, Russia – December 6 – Cherkizovo Group (MOEX: GCHE), Russia’s largest meat producer, has won the auction for the sale of Russian Grain Ufa's poultry, crop, and fodder production businesses. The acquisition will strengthen the Company's position in the poultry market in the Urals and neighboring regions.

On Monday, December 5, an open auction for the sale of the assets of Russian Grain Ufa was held at the Auction House of the Russian Federation. The seller was non-core asset bank Trust. The single lot included 100% shares in JSC Bashkir Poultry Farm, JSC Turbaslinsky Broilers, JSC Ufa Grain Products Plant, Bashkir Grain+ LLC, Bashkir Grain LLC and Turbaslinsky Broiler Trading House LLC, as well as rights to claim under loan agreements between Trust and JSC Bashkir Poultry Plant and JSC Turbaslinsky Broilers.

The winning bidder was AIC Mikhailovsky (part of Cherkizovo Group), which had previously obtained approval from the Federal Antimonopoly Service to acquire these assets. The purchase price is RUB 6.37 billion.

The transaction was supported by Branan Legal, with Kept acting as financial advisor.

For Cherkizovo Group, the acquired companies are the first production assets in Bashkortostan. They include five poultry farms with an annual live-weight capacity of 65,000 tonnes of broiler meat, annual processing capacity of 25,000 tonnes, annual marketable egg production of 750 million eggs, a feed mill with an annual capacity of 240,000 tonnes and a land bank of 18,000 ha. The poultry products of the Bashkir facilities are both sold domestically and exported.

Russian Grain Ufa’s headcount currently stands at 2,700 employees.

The company is the largest agricultural holding in Bashkortostan. Its assets will benefit from synergies with other Cherkizovo Group sites, helping to strengthen our position in the poultry market in the Urals Federal District and neighboring Russian regions. Going forward, Cherkizovo plans to upgrade the acquired facilities, which will help boost broiler meat output.

Cherkizovo Group is the leader in broiler meat production in Russia: in 2021, the Company produced 813,000 tonnes of live-weight meat.

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