Artificial selection

Cherkizovo: engaging in pig genetics and artificial selection work

Orenburg, Russia – October 27 – Cherkizovo Group (MOEX: GCHE) has agreed to acquire the Vishnevsky Genetics and Breeding Center in the Orenburg region. The agreement will allow the company to support domestic production of breeding pigs, thereby reducing the industry’s dependence on imports.

Under the terms of the agreement, the limited liability company Mikhailovskiy Agricultural Complex and Cherkizovo-Pork (both part of the Cherkizovo Group) own 99% and 1% of Vishnevsky GBC respectively. The deal, already approved by Russia’s Federal Antimonopoly Service, involved Business Solutions and Technologies as financial advisor and partners ALUMNI and Branan Legal as legal advisors.

Vishnevsky Genetics and Breeding Center was founded in 2006 in the Orenburg region and breeds purebred Yorkshire, Duroc and Landrace pigs and F1 hybrid pigs. Its other businesses relate to pig farming and pig production spread over five sites including multiplication units, farms, a flour mill and a slaughterhouse. The total capacity of the center exceeds 250,000 head per year.

The acquisition marks a new addition to the geographical areas of the Cherkizovo group – the Orenburg region – and will allow the company to engage in work in pig genetics and artificial selection. This will strengthen the Group’s vertical integration in pig production and help reduce the dependence of the whole industry on imported breeding pigs, thus ensuring sufficient coverage of market demand for quality products. high quality. Additionally, the deal is expected to increase Cherkizovo’s pork production for its meat processing facilities.

2005-2022 GROUP Cherkizova

Disclaimer

Cherkizovo Group OAO published this content on October 27, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on October 27, 2022 5:49:05 PM UTC.