Russia’s third-biggest poultry producer, agricultural holding Prioskolie plans to sell a part of it’s assets, Russian newspaper Kommersant reported. Cherkizovo and CP Foods show interest. Several Russian and foreign companies expressed their interest in the takeover, including the country’s biggest meat producers Cherkizovo, Miratorg, and CP Foods. Although no details are available so far, the cost of the deal is expected to be Rub23 billion ($ 390 million), which means it could become the biggest M&A transaction in the Russian meat industry since 2015, when CP Foods acquired 2 major poultry farms in the country. In 2019, Prioskolie was ranked. Read more...
Cherkizovo, which declined to comment on the talks, has been trying to buy assets in Russia’s central region of Belgorod for some time. Russian poultry producer Cherkizovo Group is in talks to buy major local rival Prioskolie, two industry sources and an official in Belgorod, one of the country’s leading agricultural regions, told Reuters. A deal would cement Cherkizovo’s position as the largest producer of poultry meat in Russia. “The process (of talks) has been going on for a long time,” the official, who asked not to be identified, said. The sources did not disclose a value for the deal if it goes ahead. Cherkizovo, which declined. Read more...
GAP Resource has filed an application to the Federal Antimonopoly Service (FAS) of Russia to acquire the sixth largest poultry farm in the country from. Read more...
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