You searched for "MERGERS & ACQUISITIONS" (2 results found)

Russian meat giant acquired a 75% stake in Samson - Food Products

  • 9 Jan 10:13

Cherkizovo Group is acquiring 75% of Samson – Food Products, a group of companies offering meat products under brands such as Samson, Grillmania, Fileya and others, for about RUB 350 million (€4.4 million) The company has signed a sale-purchased agreement to acquire 75% of St Petersburg-based Samson – Food Products (SFP). Cherkizovo said in a statement that the acquisition is approved by the Russian Federal Antimonopoly Service (FAS), the cost reaching RUB350 million, with ca. RUB550 million (€7.1 million) in debt to be assumed on top. The final price will be based on SFP’s performance in 2019. This deal is set. Read more...

Cherkizovo buys Altaisky Broiler for $69 million

  • 19 Dec 09:21

Russia's largest vertically integrated meat producer Cherkizovo Group has closed the deal to acquire the poultry producer Altaisky Broiler from Prioskolie agroholding for an estimated RUB 4.6 billion ($69 million). "Cherkizovo continues the process of consolidation of the poultry industry. This acquisition is fully consistent with the Group's development strategy. Siberia is an important region for us, our plans include active expansion and access to the largest cities of the Siberian District," said Igor Babayev, the founder of the Cherkizovo Group. Over the next two to three years, Cherkizovo intends to increase the production capacity of the. Read more...