OAO Cherkizovo Group has completed the acquisition of 100%

OAO Cherkizovo Group has completed the acquisition of 100% of ZAO Mosselprom shares

OAO Cherkizovo Group, one of the largest Russian vertically integrated companies for meat production and processing, has completed the acquisition of 100% of the shares of the holding company ZAO Mosselprom, the group’s press release says. According to the press release, the business of Mosselprom company was evalued at $ 252.9 million at transaction, taking into account the $ 183.8 million of debt and $ 69.1 million - the cost of equity capital. Cherkizovo Group assumes the debt issues, that mainly consist of the long-term subsidized loans.