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.
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“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.
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Some 80% of the group’s capital is owned by the Doux family.
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