Cherkizovo’s €8 Million Acquisition of Sibylla Rus

Castrén & Snellman advised Atria Plc on the deal.

Atria Plc sold its Russian fast food business, Sibylla Rus LLC, to Limited Liability Company Agricultural Complex Mikhailovskiy, which is part of the Cherkizovo Group. The sales price is approximately EUR 8 million. Sibylla trademark was not included in the transaction.

Sibylla Rus specialises in the sale of turnkey solutions for the production and sale of fast food products, such as hot dogs and burgers, under the Sibylla brand in shop-in-shop establishments. Sibylla Rus products are sold in 4,400 outlets in Russia, Kazakhstan, Belarus, Kyrgyzstan and Tajikistan, mainly at gas stations and leisure facilities.

Cherkizovo Group is one of the largest producers of meat products in Russia. At the end of 2021, its consolidated revenue amounted to 158 billion rubles. Cherkizovo has been listed on the Moscow Stock Exchange since 2006.

Atria Plc, established 1903, is one of the leading meat and food companies in Northern Europe. In 2021, its net sales were approximately EUR 1.5 billion and it had around 3,700 employees in Finland, Sweden, Denmark and Estonia. Atria Plc’s shares have been listed on Nasdaq Helsinki since 1991.

The Castrén & Snellman team included Heidi Paalanen-Koev (Picture), Anna-Kaisa Remes and Mikko Hanni.

Involved fees earner: Mikko Hanni – Castrén & Snellman; Heidi Paalanen-Koev – Castrén & Snellman; Anna-Kaisa Remes – Castrén & Snellman;

Law Firms: Castrén & Snellman;

Clients: Atria;

Federica Tiefenthaler

Author: Federica Tiefenthaler