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Cherkizovo Group to engage in swine genetics work and artificial selection
Orenburg, Russia – October 27 – Cherkizovo Group (MOEX: GCHE) has agreed to acquire Vishnevsky Genetics and Breeding Center in the Orenburg Region. The deal will enable the Company to help domestic production of breeder pigs, reducing the industry’s dependence on imports.
Under the agreement, Limited Liability Company Agricultural Complex Mikhailovskiy and Cherkizovo-Pork (both are part of Cherkizovo Group) are to own 99% and 1%, respectively, of Vishnevsky GBC. The deal, already approved by the Russian Federal Antimonopoly Service, involved Business Solutions and Technologies as a financial advisor and ALUMNI partners and Branan Legal as legal advisors.
Vishnevsky Genetics and Breeding Center was founded in 2006 in the Orenburg Region and rears purebred Yorkshire, Duroc, and Landrace swine and hybrid F1 pigs. Its other lines of business involve pig breeding and pork production spread across five sites, which include multiplication units, farms, a feed mill, and a slaughter house. The center’s total capacity exceeds 250,000 heads per year.
The acquisition marks a new addition to Cherkizovo Group’s geographies – the Orenburg Region – and will enable the Company to engage in swine genetics work and artificial selection. This will enhance the Group’s vertical integration in pork production and help reduce the entire industry’s dependence on imported breeder pigs, ensuring the market demand for high-quality products is sufficiently covered. Moreover, the deal is expected to increase Cherkizovo’s pork output for its meat processing facilities.
Expert RA upgrades Cherkizovo Group’s rating to ruAA-
01 june 2023
Expert RA upgrades Cherkizovo Group’s rating to ruAA-
Cherkizovo Group (MOEX: GCHE), Russia’s largest meat producer, announces that Expert RA has upgraded its credit rating to ruAA- and revised its outlook from positive to stable.
Cherkizovo Group and Smenka complete renovation of school canteens in Russian regions
29 may 2023
Cherkizovo Group and Smenka complete renovation of school canteens in Russian regions
Cherkizovo Group and Smenka, a social initiative and YouTube show, have successfully completed a joint project to renovate school canteens. As a result of this collaboration, three canteens (two in the Penza Region and one in the Altai Territory) got a modern makeover, with schoolchildren now having an opportunity to eat in comfortable facilities and develop healthy eating habits.
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.
