Russian poultry producer up for sale
Agricultural holding Prioskolie is putting up for sale some of the assets, including its poultry production and processing sites in a deal that is expected to worth at least $390 million, according to local newspaper Kommersant.
Prioskolie ranks third in the Russian poultry market, with a total production of 452,000 tonnes reported last year. That stands for 7.3% of the country's poultry production.
So far, Cherkizovo, Miratorg and Thailand's CP Foods have shown interest in making a bid for the assets that Prioskolie intends to sell. If completed, the deal will represent the largest M&A operation in the last 5 years in Russia. The previous was done by CP Foods in 2015 when the Thai producer acquired two poultry Russian enterprises.
The Philippines is struggling to save its pig sector from the ongoing ASF outbreak and one soluti...