Cherkizovo

OSJC "Cherkizovo" Group (full name: Open Joint Stock Company 'Cherkizovo') is a Moscow-based Russian food company that is a major producer and processor of poultry and pork.[3][4][5]

OJSC "Cherkizovo"
Native name
Черкизово
TypeOpen Joint-Stock Company
LSE: CHE, MCX: GCHE
IndustryFood industry
Founded2005
HeadquartersRussia, Moscow
Key people
Igor Babaev (Chairman of the Board of Directors), Sergei Mikhaylov (CEO)
ProductsMeat products
Revenue$1.55 billion[1] (2017)
$75.4 million[2] (2016)
$28.1 million[2] (2016)
Total assets$1.59 billion[2] (2016)
Total equity$806 million[2] (2016)
Number of employees
above 20,000
WebsiteOfficial website

History

The group was founded in 2005 in the union of the APC "Cherkizovsky" and APC "Mikhaylovskiy".[6]

In May 2011, Cherkizovo completed the acquisition of 100% of Mosselprom, a company specializing in the production of poultry products. It costed Cherkizovo $252.9 million, of which $ 183.8 million was Mosselprom's debt. Part of the deal was paid for with shares of Cherkizovo itself.[7]

In March 2014, Cherkizovo Group acquired the largest Voronezh poultry meat producer LISKO-Broiler LLC. According to the Kommersant newspaper, the deal was worth 5 billion rubles. Thus, Cherkizovo became the largest producer of poultry meat in Russia: as a result of the acquisition of Lisko Broiler (about 95 thousand tons of meat per year), the company's poultry capacity reached 550 thousand tons, ahead of the previous leader, Prioskolye (470 thousand tons per year).[8]

In December, 2018, Cherkizovo has bought an asset in Siberia for 4.6 billion roubles ($70 million) from its local rival ZAO Prioskolie.[9]

Owners and management

In 2010, the main shareholders of the company was the JPMorgan Chase Bank (31,9%) and the company MB Capital Partners (58,74%); whose owners (in the par basis) Chairman of the Board of Directors "Cherkizovo" Igor Babaev, CEO Sergei Mikhailov, Lydia Mikhailov, Evgeny Mikhailov.[10]

In May 2006, Cherkizovo held an IPO at Russian Trading System, the Moscow Stock Exchange and the London Stock Exchange (LSE). As a result, 27.8% of the total share capital is in free circulation. The group's capitalization after IPO reached 904 million.[11]

References
  1. "Рейтинг крупнейших компаний России по объему реализации продукции". Expert RA. Archived from the original on 28 October 2018. Retrieved 28 October 2018.
  2. http://cherkizovo.com/upload/iblock/4e4/4e48e692054d8883df9a6a058584818d.pdf.
  3. Litmus stock market Archived July 26, 2010, at the Wayback Machine / / Expert, July 19, 2010
  4. "Profile". www.bloomberg.com. Retrieved 2020-08-17.
  5. "Cherkizovo - AnnualReports.com". www.annualreports.com. Retrieved 2020-08-17.
  6. GmbH, finanzen net. "Cherkizovo Company Profile | Markets Insider". markets.businessinsider.com. Retrieved 2020-08-17.
  7. "ВЕДОМОСТИ - Акции в обмен на курицу". 2014-04-19. Archived from the original on 2014-04-19. Retrieved 2020-09-16.
  8. ""Черкизово" приобрело "Лиско Бройлер" за 5 млрд рублей". www.kommersant.ru (in Russian). 2014-03-26. Retrieved 2020-09-16.
  9. "Russian poultry group Cherkizovo in talks to buy rival Prioskolie- sources". Reuters. 2019-04-02. Retrieved 2020-08-17.
  10. Ivan Vasiliev . Feed investors Archived 2005-04-11 at the Wayback Machine / / Vedomosti , № 72 ( 2590 ) , April 22, 2010
  11. "Бабаево царство". Ведомости (in Russian). Retrieved 2020-09-16.
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