Russia’s Cherkizovo Group today (7 May) said that it has started offering new shares representing about 11.2% of the company’s capital.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The meat processor said that it hopes to sell 5m additional shares at US$23.5 per share. The company said that it plans to offer over 1.8m shares overseas.


Cherkizovo’s net profit more than doubled in fiscal 2007, rising to $61.6m, and consolidated revenue rose 33% to $840.8m.


The group operates eight meat processing plants, one poultry processing plant, two poultry farms, four pig farms, and a feed plant. It has two trading houses with branches in 12 Russian cities.


The company has not disclosed what the additional funds will be used for.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now