Mikhailovsky Combine, part of Cherkizovo, completed the acquisition of the remaining 50% of Tambov Turkey LLC from Grupo Fuertes. The stake was paid for with 1.175 million new Cherkizovo shares, worth ₽3.598 billion. As a result of the transaction, Grupo Fuertes' stake in the agro-holding increased from 8.58% to 11.12%.

Cherkizovo Group's chicken sales in 2021 were 711,24 thousand tonnes, up 2% year-on-year. Turkey sales increased by 28% to 52,400 tonnes. Live weight pork production decreased by 28% to 242,800 tons. Sales volume in the meat processing segment increased 20% to 135,86 thousand tons.

Cherkizovo's total export shipments for 2021 are expected to be 88,000 tonnes, which is approximately 7% higher than in 2020. Over the year, revenues from overseas sales increased by 26%, exceeding ₽12 billion. turkey sales increased 3.8 times in cash, ready-to-cook products by 49%, chicken by 20%, and pork by 5%.

Cherkizovo Group placed 1.175 million new shares for ₽3.598 billion, or ₽3063 per share, representing 2.8% of the increased capital. The securities were purchased by subsidiary APK Mikhailovsky Ltd. for subsequent transfer to Grupo Fuertes in exchange for a 50% stake in the Tambov Turkey joint venture. As a result, the agroholding will own 100% of Tambov Tur...