bool(true)
Ru

FAS permitted structures of Cherkizovo to buy Voronezhmyasoprom

13 july 2012
alt image

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.

Back to the news list

Other news

image
Petelinka and Pava-Pava win Product of the Year awards
alt
24 november 2023

Petelinka and Pava-Pava win Product of the Year awards

Cherkizovo Group’s chicken and turkey products have once again been awarded the annual Product of the Year title, with flagship brands Petelinka and Pava-Pava winning two categories of the award.

Cherkizovo Group unveils its products at international exhibition in Ufa
alt
24 november 2023

Cherkizovo Group unveils its products at international exhibition in Ufa

Cherkizovo Group, Russia's largest meat producer, is taking part in Our Brand, an international food festival in Ufa. The Company showcased its products during a tasting session at its stand.

Pava-Pava introduces spiced turkey fillets
alt
15 november 2023

Pava-Pava introduces spiced turkey fillets

Cherkizovo Group, Russia's largest meat producer, continues to expand its turkey product line under Pava-Pava, one of its flagship brands. This fall, the Company has launched sales of spiced turkey filet, a perfect choice for holiday dinners.

Cherkizovo Group products win five Quality Guarantee medals
alt
10 november 2023

Cherkizovo Group products win five Quality Guarantee medals

Cherkizovo Group, Russia’s largest meat producer, has once again been praised for the high quality of its products, with the Petelinka, Cherkizovo, and Pava-Pava brands winning two gold and three silver medals at Quality Guarantee 2023.

We use cookies to make our website work better.

By staying on this website, you agree to our use of cookies.