The company increases its stake in the share capital of the largest Russian meat producer

Grupo Fuertes increases its stake in Cherkizovo Group, the Russian holding company with which it joined forces a decade ago for the production of turkey with the creation of Tambov Turkey, the result of an alliance between the two companies.
Cherkizovo Group will become the sole owner of Tambov Turkey with the acquisition of Grupo Fuertes’ 50 % share. As a result of this transaction, Grupo Fuertes will increase its stake in Cherkizovo Group from 8.58% to 11.12%.
Grupo Fuertes’ increased participation in the Russian holding company is a sign of the Spanish company’s commitment to its presence not only in the Russian turkey market, but also in the chicken and pork markets.
“We are very satisfied with the cooperation we started 10 years ago with Cherkizovo Group. For Grupo Fuertes, this new alliance is a qualitative leap because we are increasing our percentage in a listed company and strengthening a strategic relationship that unites us. We are committed, not only to turkey, but also to chicken, pork, processed meat products and cereals, but, primarily, to Russia, a solid and strategic market with a strong future. We share the same strategy and, above all, the same values,” says Rafael Fuertes, member of the Cherkizovo Group Board of Directors.
“We thank our friends and partners at Grupo Fuertes for ten years of cooperation in the Tambov Turkey project. Over the years, we have learned a lot from them in terms of management, creation of products that meet European quality standards and access to advanced production technologies. I am confident that as a major shareholder in Cherkizovo, Grupo Fuertes will continue to make good use of its agribusiness expertise to further develop the different business segments of our company,” says Sergey Mikhailov, CEO of Cherkizovo Group.