Eurodon

2024: Sale of Rostov assets to Damate Group for 2.5 billion rubles

Russia's largest turkey producer Damate bought the Rostov assets of rival Eurodon for 2.5 billion rubles. This deal became known in July 2024. Its perimeter includes turkey cultivation and fattening sites and a meat processing complex.^[1]

2019: ВЭБ.РФ decides to sell the company

On October 30, 2019, the ВЭБ.РФ Supervisory Board decided to sell Eurodon Group of Companies, the former largest turkey producer in Russia, at a discount to a strategic investor. The head of the state corporation Igor Shuvalov told reporters about this following a meeting of the Supervisory Board.

"Today we also made a decision on a very complex project - this is Eurodon. Tender procedures were carried out, based on the results of these procedures, companies were identified that want to acquire this asset, "Shuvalov said.

"The decision of the supervisory board is to sell at a discount to the nominal price of the debt. So we believe that at least with a loss for VEB, but with a good financial result, we will realize this asset and fulfill our development function, since this asset goes to a strategic investor, "Shuvalov added.

According to him, we are talking about a specialized investor, whom Shuvalov did not name.

"I think that this investor should be named Rosselkhozbank, since Rosselkhozbank takes an active part in this transaction," the head explained ВЭБ.РФ.

Earlier, the Rosselkhozbank reported that they were negotiating with the ВЭБ.РФ on the redemption of requirements for Eurodon.

Shuvalov clarified that Eurodon's debt to VEB is more than 30 billion rubles.

2017: After Bird Flu Outbreaks, VEB Gains Control of Company

ВЭБ.РФ gained de facto control of the holding's business after outbreaks of bird flu in 2016-2017. After another outbreak in 2018, the group members decided to terminate the powers of the founder of Eurodon Vadim Vaneev as general director. Since February 2019, a monitoring procedure has been introduced at Eurodon enterprises.

VEB has repeatedly attempted to sell the group's assets. Eurodon, as Kommersant reported, was interested in Damate, Cherkizovo and Resource. They offered no more than 4 billion rubles for the asset, but VEB planned to help out about 10 billion rubles for it.