News Briefs

API Sells Chicken Kingdom

By
PE Hub Staff
-

Agribusiness Partners International has sold Russian poultry producer Chicken Kingdom to Cherkizovo Group (LSE:CHE). The deal is valued at approximately $143 million, plus the assumption of long-term debt. Chicken Kingdom reported 2006 sales revenue of $109 million, and EBITDA of $23 million. www.amc-api.com