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Cherkizovo Group sells marketable egg production facility in Bashkortostan
Ufa, Russia — December 16 — Cherkizovo Group (MOEX: GCHE), Russia’s largest meat producer, announces the sale of JSC Bashkir Poultry Farm. The facility, which was acquired in December this year along with other assets of Russian Grain Ufa, produces marketable eggs, and as such is not aligned with the Cherkizovo’s business.
AIC Mikhailovsky, part of Cherkizovo Group, signed an agreement on Thursday, December 15, to sell 100% of JSC Bashkir Poultry Farm. The buyer was Agricultural Asset Management LLC. The deal was closed for a total cash consideration of RUB 2 billion.
JSC Bashkir Poultry Farm had been acquired by Cherkizovo Group on December 8 along with other assets of Russian Grain Ufa, the largest poultry producer in Bashkortostan. Cherkizovo Group won an open auction for all of the seller’s assets: poultry farms, meat processing facilities, a feed mill, and agricultural land.
Bashkir Poultry Farm specializes in marketable eggs production, which is not in line with Cherkizovo Group’s business profile. Hence, the Company decided to sell this asset and quickly found the buyer. The poultry farm is the leading supplier of marketable eggs in the region: its annual capacity reaches 750 million eggs. The poultry farm’s products are sold across 13 Russian regions in the Volga, Urals, Central, and Southern Federal Districts.
Crystal Cherkizovo played volleyball game with kids from UNITY foundation
25 may 2023
Crystal Cherkizovo played volleyball game with kids from UNITY foundation
Crystal Cherkizovo, a volleyball club whose main sponsor is Cherkizovo Group, met children with cancer supported by the UNITY charity foundation to talk about the history of volleyball and play an exhibition game.
Cherkizovo Group unveils prospects for halal product exports
23 may 2023
Cherkizovo Group unveils prospects for halal product exports
Cherkizovo Group, Russia's largest meat producer, took part in the business program of the Russia – Islamic World: KazanForum, the key platform for economic cooperation between Russia and Muslim countries. The Company shared its vision of opportunities to expand halal product exports to the CIS and beyond.
Cherkizovo Group reaffirms its leadership in Russia’s meat market
10 may 2023
Cherkizovo Group reaffirms its leadership in Russia’s meat market
Cherkizovo Group (Petelinka and Pava-Pava brands) for the eighth time topped the list of country’s largest meat producers in an annual ranking put together by Agroinvestor, a leading industry publication. In 2022, the Company accounted for around 8% of meat output in Russia.
Cherkizovo Group speeds up product delivery to China
28 april 2023
Cherkizovo Group speeds up product delivery to China
Cherkizovo Group, Russia’s largest meat producer, this week has made its first shipment of chicken products to China in refrigerated rail containers. This route will be an alternative to sea shipping, enabling the Company to deliver its products to Chinese customers three times faster, in 15 days instead of 45.
