Russian pork processor receives loan of €50m
Russian Cherkizovo Group, an integrated meat processing giant, is about to
receive a €50 million loan from the Russian Gazprom bank.
The loan's destination is the group's subsidiary Lipetskmyasoprom. There
the second stage of a pig farm in the Lipetsk region will be built.
According to Tass news agency, the farm already received a loan from the same
bank of approximately €44 million for building the first stage of the
The farm is scheduled to generate 50,000 tonnes of pork per year. The meat
processing group is also building another pig farm in the Tambov region which
will have about half the production.
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