CHERKIZOVO GROUP’S CONTROLLING FAMILY SEEKS ADDITIONAL SHARES – BUT WILL RE-SELL TO A STRATEGIC INVESTOR
July 1st, 2017
THE CHAIRMAN of the Cherkizovo Group, one of Russia’s largest meat producers and processors, is to consolidate his stake in the company through the acquisition of 21.3% of its shares, which are currently owned by Prosperity Capital Management, one of Russia’s largest investment funds. The deal could ultimately lead to Igor Babayev, who – with other family member – already owns 65% of the Moscow-region based company – acquiring 100% control. However, Russian media reports have suggested that the family may re-sell part of this enlarged stake to strategic ...
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