Russian meat processor Cherkizovo Group has privately placed more than half of the additional share issue for 764.549 million rubles under a deal to fully acquire poultry producer Mosselprom, Cherkizovo Group said in a statement Tuesday. Cherkizovo Group placed 894,418 common shares with the nominal value at 0.01 rubles. The placement price was set at 854.8 rubles per share. Cyprus-registered Tuxford Trading Limited holds a preemptive right to buy the additional issue. Cherkizovo Group started offering the 1.7 million additional shares in order to buy Mosselprom on August 22, but later suspended the offer to October 13 in order to introduce parameters on the completion date of the offering. The group resumed the offering on November 11. Following the additional offering, Cherkizovo Group planned to increase its charter capital by 4%. The group’s current charter capital amounts to 430,693 rubles and is split into 43,069,355 shares. In mid-May, Cherkizovo Group said that it is to pay U.S. $252.9 million for Mosselprom, including the poultry producer’s debt of $183.8 million. The payment is to be partially made in shares. Cherkizovo Group is one of the largest meat processors in Russia. Before the offering, its key shareholders were MB Capital Partners, holding a 49.55% stake, and the Bank of New York International Nominees, nominally holding a 29.47% stake as of June 30. Mosselprom is a vertically integrated poultry complex, with facilities in the Moscow and Tula regions.