GAP "Resource" plans to restart the production facilities of "Belaya Ptitsa - Rostov" on a leasehold basis

The Resource Group of Companies and the bankruptcy trustees of the Rostov cluster companies Belaya Ptitsa have reached an agreement to lease the Rostov complex. Bank of non-core assets "Trust" as the main creditor of the Rostov cluster supported the agreement with GAP "Resource".

The Belaya Ptitsa Group of Companies was once one of the largest producers of broiler MEAT in RUSSIA. The structure of the Rostov division includes 3 hatcheries, 4 grounds for rearing young animals and parent stock, 3 fattening grounds, a feed mill and a meat processing plant.

GC Belaya Ptitsa was declared bankrupt in 2018, Rostov production was stopped. Later, the rights of claim to the Rostov and Belgorod assets were transferred from AvtoVAZbank to Trust.

Leasing the capacities of bankrupt companies is a standard world practice and allows further increasing the investment attractiveness of the facility. This is due to the fact that the procedure for the sale of property is a lengthy process, and the downtime of enterprises entails a deterioration in the state of the property complex.

The Resource Group of Companies, which ranks second in Russia in terms of production volume and first in poultry meat exports, is the leader in its segment in the south of Russia. it has the necessary infrastructure in the Rostov region, including a land bank, which will provide a high-quality raw material base for the production of feed, as well as an oil extraction plant, which makes it possible to obtain high-protein sunflower meal, which, as part of feed, will guarantee healthy growth and development of poultry.

“The obvious advantages of the decision taken from the point of view of the region will be the revival of the activity of the enterprise that has been idle for more than two years, providing jobs for hundreds of local residents, resuming tax revenues to the budget and reducing the amount of the existing debt burden. As for the effect for GAP Resource, first of all, we are talking about the ability to quickly reduce dependence on imports of hatching eggs,” Dmitry Neznanov, Executive DIRECTOR of GAP Resource.

“The resumption of production at the facilities of Belaya Ptitsa-Rostov is a significant event for the region and an important stage in the strategy for working with the asset of the bank of non-core assets Trust as the main creditor, which we discussed in February at a meeting with the Governor of the Rostov Region Vasily Golubev. Belaya Ptitsa-Rostov is a socially and economically significant enterprise for the region, its launch will provide more than 1.5 thousand jobs. In addition, the lease of the property complex will help increase the investment attractiveness of the enterprise. As the next step, the bank of non-core assets "Trust" plans to put up for auction requirements for legal entities of the Rostov cluster and attract a specialized investor interested in the further development of the poultry complex," - Anton Ulanov,