AFK Sistema buying up competitors to form larger, vertically-integrated subsidiary

Moscow, Russia-based fishing conglomerate AFK Sistema has purchased a stake in two companies in Russia’s Far East, the company announced in a second-quarter  2022 report.

AFK Sistema has acquired a 75 percent stake in Kristall Fish and a 10 percent stake in Khangar, both located in the Kamchatka region of Russia, Interfax reported. Both companies primarily catch and process salmon. AFK Sistema representatives said the company is considering further purchases to build a larger, vertically-integrated corporation ... 

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