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Cherkizovo Announces Plans to Acquire NAPKO

12 Apr 2017

• 12 Apr 11:10

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Cherkizovo Group, the largest vertically integrated meat and feed producer in Russia, announced its decision to acquire NAPKO, one of Russia’s leading grain producers. Among other assets, Cherkizovo Group will acquire NAPKO’s agricultural land of 147,000 hectares located in the Lipetsk, Tambov and Penza regions, which are strategically important areas for Cherkizovo Group. In 2016, NAPKO produced 250,000 tons of grain. Following the acquisition, Cherkziovo Group’s total operating land bank will reach 287,000 hectares. As part of the transaction, the Group will also acquire the supporting production infrastructure to cultivate the land and. Read more...