CZECH: Agropol sale plans abandoned
The owner of Agropol, the Czech Republic's largest poultry producer, has abandoned plans to sell the business after a satisfactory offer failed to materialise.
Jirí Malús, the sole owner of Agropol, pulled out of the sale process when bids for the company did not meet his criteria, a company official confirmed to just-food.
The primary bidders in the collapsed sale process included Czech meat groups Agrofert and Setuza along with Germany's BayWa.
Although talks have broken down, there is still interest in the possibility of an acquisition from Agrofert, the second-largest poultry group in the Czech Republic.
"We are still interested in the purchase," Agrofert's owner Andrej Babis informed just-food.
ViaChem, Setuza's parent company, was unavailable for comment at time of press.
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