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Cherkizovo signs MoU to acquire Russia's Chicken Kingdom

by 5m Editor
17 April 2007, at 11:01am

RUSSIA - Russian meat producer Cherkizovo Group OJSC said it has signed a memorandum of understanding to acquire the holding company of OAO Chicken Kingdom.

Chicken Kingdom is one of the largest Russian poultry producers with a fully integrated poultry production cycle and operations in both Lipetsk and Bryansk regions. The company produces chilled and frozen poultry products under the "Chicken Kingdom" brand name (one of the most recognized Russian poultry brands). Annual volumes last year were approximately 70,000 tons.

"This acquisition is a major step forward for Cherkizovo as we continue to benefit from the ongoing consolidation within the Russian poultry producing market. The deal makes us the number one chicken producer in Russia, and at the same time strengthens our position in the central region of the European part of Russia."

5m Editor