LLC “Agro-industrial complex “Mikhailovsky” (part of the Cherkizovo Group) signed an agreement on the sale of 100% in JSC “Bashkir Poultry Farm”. The buyer was LLC “Management of Agricultural Assets”. The transaction amount amounted to 2 billion rubles. This is stated in the message “Cherkizovo”.
Bashkirskaya poultry farm was acquired by Cherkizovo Group in December 2022 as part of other enterprises of the Russian Grain Ufa Group. The Group received all the assets of the agricultural holding, including poultry farms, meat processing plants, a feed mill and agricultural land, as a result of winning an open auction.
The production of commercial eggs, which the Bashkir poultry farm specializes in, is not a core business of the Cherkizovo Group, so the company decided to sell this asset. The poultry farm is the largest supplier of commercial eggs in the region, the report says. A fully automated enterprise can produce 750 million eggs per year. Its products are sold in 13 Russian regions of the Volga, Ural, Central and Southern Federal Districts.
Recall that Cherkizovo Group won the auction for the sale of enterprises of the Russian Grain Ufa Group of Companies. The acquisition will strengthen the company’s position in the poultry market in the Urals and in neighboring regions. The auction for the sale of assets of the Russian Grain Ufa Group of Companies took place on December 5 at the site of the Russian Auction House. The seller was the bank of non-core assets “Trust”.
The single lot included 100% of shares in JSC “Bashkir Poultry Farm”, JSC “Turbaslinsky broilers”, JSC “Ufa Combine of bread products”, LLC “Bashkir grain +”, LLC “Bashkir grain”, LLC TD “Turbaslinsky broiler”, as well as the rights of claims under credit agreements “Trust” to JSC “Bashkir Poultry Farm” and JSC “Turbaslin broilers”.
The winner of the auction was LLC “APK “Mikhailovsky”” (part of the Cherkizovo Group), which had previously received FAS approval for the purchase of these assets. The purchase price is 6.37 billion rubles.
The legal support of the transaction was carried out by Branan Legal, the financial consultant was the company Kept.
For Cherkizovo Group, the acquired enterprises are the first production assets in Bashkiria. They include five poultry farms with a capacity of 65 thousand. tons of broiler meat per year (in live weight), deep processing capacity — 25 thousand tons of products per year, production of commercial eggs — 750 million pieces per year, a feed mill with a capacity of 240 thousand tons per year, as well as a land bank with an area of 18 thousand hectares. Poultry products of Bashkir enterprises are sold as in Russia, and is exported.
The enterprises of the Russian Grain Ufa Group are engaged in poultry farming, crop production and feed production. Now 2.7 thousand employees work at the Russian Grain Ufa enterprises.
Cherkizovo Group is a manufacturer of meat products under the brands Cherkizovo, Petelinka, Chicken Kingdom, Pava-Pava, Pit Product, Casademont. The Group includes 11 poultry farms, 17 pig farms, 11 meat processing enterprises, an oil extraction plant, as well as 9 feed mills and 300 thousand hectares of agricultural land. The company exports its products to more than 20 countries.
Cherkizovo Group’s net profit in the first half of 2022 amounted to RUB 6.9 billion, a decrease of 48.9% year-on-year. Adjusted net profit increased by 17.5% to RUB 6.3 billion.
