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FAS permitted structures of Cherkizovo to buy Voronezhmyasoprom
The Federal Antimonopoly service (FAS) of Russia approved the application of one of the largest Russian producers of meat and meat products – OJSC Cherkizovo Group – about the acquisition of a 99.96%, stake in the charter capital of Voronezhmyasoprom LLC it said in the message from the Antimonopoly Department.
As stated in the FAS reports, the right to acquire the share capital of Voronezhmyasoprom at a rate of 99.96% were received by agro-industrial Complex Mikhailovsky LLC and the Cypriot company Pike Investments Limited.
In June, Cherkizovo acquired a number of agricultural assets at Voronezhmyasoprom, including a swine nucleus unit, grain elevators and a land bank to the total amount of 4.46 billion roubles.
In particular Cherkizovo acquired a swine nucleus unit in the Voronezh region where pig breeds Dyurok, Yorkshire and Landrace are bred. The complex’s production facilities include a swine nucleus unit hryachnik, which produces 2.4 thousand sows, with a platform to grow up to 10 thousand heads of the total content and site feeding on 6.7 thousand heads of the total content.
As noted earlier, to complete the deal, it is necessary to obtain approval from the Federal Antimonopoly service of Russia (FAS). “The cost of acquired assets is of 4.46 billion, including debt to the amount of 2.8 billion roubles, which Cherkizovo Group will take on”, according to a statement from the FASPayment for the acquired assets will be made in cash to the amount of 1.26 billion roubles and 795 thousand shares of OJSC Cherkizovo Group.
As the materials of the BIR- Analyst, the main owner of Voronezhmyasoprom LLC is a National agro-industrial company. Its co-owners are the beneficiaries of Cherkizovo – Igor Babaev and his family members.
Cherkizovo Group unveils its exclusive processed meat products
08 june 2023
Cherkizovo Group unveils its exclusive processed meat products
Cherkizovo Group is Russia's largest sausage producer with an assortment of over 200 items, including cooked and smoked sausages, dry sausages and a variety of deli meats under the flagship Cherkizovo and Cherkizovo Premium brands. The Company maintains a strong focus on developing new product recipes to cater to the needs of a diverse customer audience. Today, we will share insights into some of our most highly rated and remarkable products.
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.
