French state investment fund FSI has declined to comment on reports that it could could come to the aid of Groupe Doux, in taking a minority stake in the French poultry producer.
The fund specialises in taking minority shareholdings in French firms.
“It’s the FSI’s policy never to disclose who it is in discussions with. It only comments when investment agreements have been finalised,” a spokesman told just-food.
Responding to the reports, Doux made no reference to FSI as a possible investor but said talks were taking place with potential investors.
“The group has always made clear that it is in discussions with a number of potential investors, the aim being to strenghten its equity and bring stability and a better maturity to its debt in order to provide the means for future growth. Discussions are on-going and no decision has been taken at this stage,” Doux said.
Some 80% of the group’s capital is owned by the Doux family.
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