Grupo Fuertes reaches an eight per cent share of the Russian agro-food holding company Cherkizovo Group
Both business conglomerates have had a strategic alliance since 2012 for the production and marketing of turkey meat in Russia.
Grupo Fuertes has increased its share in the Russian ago-food holding company Cherkizovo Group to eight per cent, after acquiring a three- per-cent share package on the London Stock Exchange. Grupo Fuertes’s total investment is valued at approximately 77 million dollars, according to the current share price.
In addition, both business groups have had a strategic alliance since 2012, when they created Tambovskaia Indeika, a 50-per-cent joint venture to develop a comprehensive project for the production and marketing of turkey meat in Russia, which was inaugurated last May.
Grupo Fuertes has become a benchmark consumer brand thanks to its powerful core of agro-food companies, and it has an annual turnover of more than 1,500 million euros, the Cherkizovo group holding company had a turnover of 1,345 million dollars last year.