CPF Expands Pig Farm Business into Russia along with Crop Farming Business
CPF invested 404 million baht to acquire a pig farm and crop farm businesses in Russia to expand its farming operations.
CPF invested 404 million baht to acquire a pig farm and crop farm businesses in Russia to expand its farming operations.
18 พ.ค. 2564

Charoen Pokphand Foods Public Company Limited (CPF) has made an announcement on the acquisition of 100% of total charter capital of Limited Liability Company BiltOil (BiltOil LLC.), which owns 100% participation interests in Limited Liability Company Campofarm (Campofarm LLC.), by subsidiaries of CPF at a transaction value approximately 404 million baht.
 
As a result, BiltOil LLC. and Campofarm LLC. will become CPF’s new subsidiaries.
 
BiltOil LLC., a limited liability company organized and existing under the laws of Russian Federation, holds 100% interest in Campofarm LLC. whose main business is pig farming. Campofarm LLC. owns and operates a pig farm in Moscow region of Russia with the approximate capacity of 2,600 sows and produces fattening pigs of approximately 63,000 pigs/year. Campofarm LLC. also engage in crop farming business on leased land producing grain of approximately 13,000 tons/year.
 
The Board of Directors of the company considered that this Transaction provides the opportunity for the company to expand its pig farm operations, in line with its key strategy to produce fattening pigs in Russia. In addition, the company will be able to increase the utilization of its feed mill.