Cherkizovo Acquires LISKO Broiler for 5 billion roubles

March 26, 2014

AIC Mikhailovsky (part of Cherkizovo Group) has acquired 100% of Lisko Broiler CJSC, which includes Lisko Broiler LLC, the largest poultry meat producer in Voronezh Region. The deal was worth 5 billion roubles.

AIC Mikhailovsky LLC (part of Cherkizovo Group) has acquired 100% of Lisko Broiler CJSC, which includes Lisko Broiler LLC, the largest poultry meat producer in Voronezh Region, according to a statement by Cherkizovo. As Kommersant anticipated, the deal was worth 5 billion roubles, which the company paid out of its equity capital. This makes Cherkizovo Russia’s largest poultry meat producer. The company’s poultry production capacity has increased to 550,000 tonnes as a result of acquiring Lisko Broiler (producing about 95,000 tonnes of poultry meat per year), overtaking the previous leader Prioskolye (470,000 tonnes per year).