Atria – Sale of Pit-Product

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We advised Atria Group in the sale of its Russian subsidiary LLC Pit-Product to Limited Liability Company Agricultural Complex Mikhailovskiy, which is a member of the Cherkizovo Group. Cherkizovo is Russia’s largest manufacturer of meat products and has been listed on the Moscow Stock Exchange since 2006.

LLC Pit-Product is a wholly owned subsidiary. Atria has owned the company since 2005. At the end of 2020, the company had approximately 700 employees. The company produces food products for the retail and food service channels and owns the Gorelovo and Sinyavino plants. The sale does not include Atria Russia’s subsidiary Sibylla Rus LLC, which engages in the fast food business in Russia.

The transaction is expected to close during the first half of 2021. The transaction is subject to the approval of the Russian Competition Authority.