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 Turkey.