Charoen Pokphand Foods Public Company Limited (SET: CPF) has expanded its Russian swine business through the RUB 2,050 million (THB 820 million) acquisition of Novomyasovo LLC. The transaction, finalized in April 2026 by its 99.99% subsidiary CPFO, sees CPF taking 100% control of key agricultural assets in the Novgorodskiy region.
The acquisition includes 1,200 hectares of land, a pig fattening farm with a capacity of 42,000 heads, and a sow farm with nursery facilities. While CPFO currently leases the fattening farm, direct ownership mitigates lease renewal risks and secures a stable supply of breeding stock. Novomyasovo will gain full ownership of the sow and nursery facilities by June 2027 following the completion of existing lease payments.
Financially, Novomyasovo reported total assets of RUB 2,222 million and shareholders’ equity of RUB 2,050 million as of late 2025. CPF is funding the deal through internal cash flow and financial institution loans.
This strategic move strengthens CPF’s upstream integration and provides long-term expansion potential in the Russian market.
