Cherkizovo

OJSC "Cherkizovo"
Native name
Черкизово
Open Joint-Stock Company
Traded as LSE: CHE ,MCX: CHEP
Industry Food industry
Founded 2005
Headquarters Russia, Moscow
Key people
Igor Babaev (Chairman of the Board of Directors), Sergei Mikhaylov (CEO)
Products Meat products
Number of employees
above 20,000
Website www.cherkizovo-group.ru/en/

OSJC "Cherkizovo" Group is a Russian food company that is a major producer and processor of poultry and pork.[1]

Full name - Open Joint Stock Company "Cherkizovo". Headquarters - in Moscow.

History

The Group was founded in 2005 in the union of the APC "Cherkizovsky" and APC "Mikhaylovskiy".

In May 2011, "Cherkizovo" completed the acquisition of 100% of the company " Mosselprom ", specializing in the production of poultry products . Buying a company that owned four poultry farms, three incubators, three slaughterhouse cost "Cherkizovo" at $ 252.9 million, of which $ 183.8 million - a debt " Mosselproma ." Part of the deal was paid for in shares of the "Cherkizovo".[2]

Owners and management

The main shareholders of the company : 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.[3]

In May, 2006 and "Cherkizovo" held IPO on Russian Trading System (RTS), Moscow Exchange and on the London Stock Exchange (LSE) - in free circulation in the end is 27.8% of the total share capital . Capitalization of the Group over the placement of $ 904 million.[4] Capitalizing on the LSE on January 2013 - $ 790 million.[5]

Activities

The structure of the Group "Cherkizovo" includes 7 full cycle poultry farms with a total capacity of 400 thousand tons of live weight per year, 14 modern pig farms with a total capacity of 180 thousand tons of live weight per year, 6 meat processing plants with total capacity of 190 thousand tons per year and 6 feed mills with a total capacity of about 1.4 million tons per year, grain output of more than 500 thousand tons of storage and more than 100 thousand hectares of agricultural land . In 2012, the Group "Cherkizovo" produced more than half a million tons of meat products.

In 2011, the group began to invest in under construction in the Lipetsk Oblast a major project for the production and processing of poultry meat, the total investment is estimated at 19.5 billion rubles .[6]

Performance

In 2012, the company sold 319.2 thousand tons of poultry meat, 103.8 thousand tons of pork, 127.4 thousand tons of processed meat products and has collected more than 115 tons of various cultures. Wheat yield was about 3.4 tons per hectare, barley - 3.3 tonnes per hectare, sunflower - 2.6 tonnes per hectare, maize - 6.1 tonnes per hectare, which exceeded the average.

Revenue US GAAP in 2012 amounted to $ 1,581.7 billion, EBITDA - $ 314,6 million, net profit - $ 225.2 million.[7]

References

  1. Litmus stock market Archived July 26, 2010, at the Wayback Machine. / / Expert, July 19, 2010
  2. Irina Skrinnik. "Акции in exchange for chicken". / / Vedomosti , 17.05.2011, № 87 (2853). Archived from the original on 2012-05-31. Retrieved 2011-05-17.
  3. vedomosti.ru/newspaper/article/2010/04/22/232154 Anfisa Voronin Maria Dranishnikov Ivan Vasiliev . Feed investors Archived April 11, 2005, at the Wayback Machine. / / Vedomosti , № 72 ( 2590 ) , April 22, 2010
  4. Anfisa Voronin , Tatiana Romanova . Babaevo kingdom / / Vedomosti , № 161 (1935) , August 29, 2007
  5. Anfisa Voronin . "With pigs negotiations we do not get " - Sergei Mikhailov , CEO of "Cherkizovo" / / Vedomosti , № 66 ( 2336 ) , April 14, 2009
  6. Irina Skrinnik. "Взлет "Cherkizovo »". / / Vedomosti , 22.04.2011, № 72 (2838). Archived from the original on 2012-05-31. Retrieved 2011-04-22.
  7. "ОАО " Cherkizovo " announces its financial statements for the 12 months ended December 31, 2012". / / cherkizovo-group.ru. Archived from the original on 2012-02-09. Retrieved 2011-04-22.
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