CPF Invests ฿9.9Bn to Strengthen Its Swine Business Expansion in Russia
CPF announced the acquisition of swine business in Russia to strengthen its business expansion overseas
Charoen Pokphand Foods Public Company Limited (CPF) announced the connected transaction of its newly established indirect subsidiary of CPF, LLCRBPI Voronezh, for the acquisition of swine business in Russia at a consideration of approximately RUB 22,000 million or approximately THB 9,900 million; LLC Agro-Sojuz TS and LLC Mjaso-Sojuz T. After completion of the transaction, those 2 companies and its subsidiaries will become indirect subsidiaries of the Company.
The transaction is expected to be completed within January 2022, subject to fulfillment of the conditions precedent specified in the Agreement.
LLC Agro-Sojuz TS and LLC Mjaso-Sojuz T are limited liability companies incorporated under the laws of Russia, hold entire investment in APK-Don Group comprises 1) JSC Alekseevsky Mischfutterwerk, 2) JSC Alekseevsky Bacon, 3) JSC Agro-Oskol, 4) LLC APK Don, 5) LLC Donskoy Bacon, 6) LLC MPK Belgorod, 7) LLC Agro-Ostrogozhsk and 8) LLC Chochol-Trostjanka. APK-Don Group operates cropping, animal feed, swine breeding and fattening farms in Belgorod and Voronezh regions of Russia.
CPF considered that this transaction is reasonable which will enhance the capacity of the company to strengthen its swine farm business expansion in Russia.
