Cherkizovo completes buyback, buys 2% of shares for $18 mln

March 19, 2012

OJSC Cherkizovo Group, one of Russia's leading integrated and diversified meat producers, has wrapped up its shares and GDR buyback, which it launched in September of last year.

During the buyback, the group acquired 637,600 ordinary shares at an average price of $20.4 per share, as well as 359,000 GDR at $13.79 each, Cherkizovo said in a press release.

The buyback therefore totaled $17.96 million.

Cherkizovo's newly acquired securities account for 2% of its shareholder capital.