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March 19, 2009

FRANCE: Government to assess struggling Unicopa

Faced with financial difficulties in the majority of its activities, Unicopa is being assessed by an inter-ministerial committee on industrial restructuring (Ciri).

Faced with financial difficulties in the majority of its activities, Unicopa is being assessed by an inter-ministerial committee on industrial restructuring (Ciri).


Ciri specialises in helping companies in difficulty and is to advisdvise the Brittany co-operative, which generates annual turnover of EUR1.5bn.


Unicopa has indicted that it is ready to forge partnerships and sell assets in order to ensure its future.


In the dairy sector, Unicopa is part of the Entremont Alliance, which is said to have lost more than EUR35m last year.


Last year, Unicopa sold its poultry-processing operations to another French cooperative, Terrena and closed its turkey operations, Dandy.

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