Russian meat processor Cherkizovo has raised US$82m through an offer of shares in the company.

Cherkizovo said it had issued just over 3.5m shares in the company, which is controlled chairman Igor Babaev, who has a 64% stake in the business.

Yesterday (20 May), in a first-quarter trading update, Cherkizovo said it had seen poultry, pork and meat processing volumes rise.