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RUSSIA: Cherkizovo to acquire Mosselprom
Russian meat processor Cherkizovo announced today (30 March) that it has reached an agreement to acquire agro-industrial group Mosselprom. The company said that as part of its strategy of "dynamic development" it has reached an agreement to potentially acquire a 100% stake in Mosselprom following legal and financial due diligence. According to Cherkizovo, it holds 7% market share of the Russian poultry market, while Mosselprom holds 2% share. The transaction remains subject to approval by Russian anti-monopoly authorities. Yesterday, the company said that net income increased by 21% during 2010 to reach US$144.4m, while revenue was up 17% to $1.19bn. It added that it expects a "challenging" 2011 as rising grain prices increase its costs, while it anticipates that it won't be able to offset these costs with higher prices.
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
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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.
