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Sberbank increased Cherkizovo Group’s line of credit by 2 billion roubles to 5.8 billion roubles
MOSCOW, June 3 — RIA Novosti/Prime. Moscow Bank of Sberbank of Russia has increased line of credit financing for Cherkizovo Group by 2 billion roubles to 5.8 billion roubles according to the bank’s press release.
It notes that the funds will be directed to the group’s current activities.
“We see cooperation with Cherkizovo Group as a strategic partnership and are pleased with its growth. Financing import substitution projects is one of our priority objectives,” the press release states, quoting Denis Konstantinov, Chairman of Moscow Bank of Sberbank of Russia.
He added that the recent credit limits established for Cherkizovo Group will promote expansion of Russia’s agroindustrial sector.
Cherkizovo Group is one of three largest companies serving the chicken meat, pork, and processed meat markets and is the country’s largest feed manufacturer. Igor Babaev, the founder of Cherkizovo Group, and his family control 65% of the company’s equity, and the remaining 35% is free float. Net income of Cherkizovo Group under US GAAP in 2014 increased 5.4 times to $345.7 million.
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.
Cherkizovo Group unveils prospects for halal product exports
23 may 2023
Cherkizovo Group unveils prospects for halal product exports
Cherkizovo Group, Russia's largest meat producer, took part in the business program of the Russia – Islamic World: KazanForum, the key platform for economic cooperation between Russia and Muslim countries. The Company shared its vision of opportunities to expand halal product exports to the CIS and beyond.
