Cherkizovo Group holders decide to increase charter capital by 4%
An extraordinary general meeting (EGM) of shareholders of Russian meat processor Cherkizovo Group has decided to increase the company’s charter capital by 4% through an additional offering of 1.7 million shares with the nominal value at 0.01 rubles each, the company said in an official statement Friday.
No other details were provided.
At present, the company’s charter capital amounts to 430,693 rubles and is split into 43,069,355 shares with the nominal value at 0.01 rubles each.
In 2010, Cherkizovo Group’s net profit increased 21% on the year to $144.4 million, the company said in late March.
Cherkizovo Group is one of the largest meat processors in Russia.
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