French farm cooperative Terrena has said it is considering placing a bid for embattled French poultry giant Groupe Doux.
Terrena is one of a number of firms said to be in talks over a partial or full takeover of the debt-burdened firm.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
A spokesperson for Terrena confirmed to just-food today (3 July) the company is considering placing a bid but had not yet made a final decision.
Doux is said to have also attracted interest from rival poultry group LDC and animal-feed maker Glon Sanders, in addition to French farm cooperative Triskalia. According to Reuters, a total of 20 agri-food companies have expressed an interest in acquiring some or all of Doux.
Doux, which went into administration in June, last month received the necessary cash flow to guarantee its day-to-day running. Negotiations, however, are continuing to find the full capital necessary to see Doux through its six-month period under court protection and pay off arrears owing to breeders, which run into tens of millions of euros, which takes precedence over the refinancing of Doux’s debts.
Last week, the company confirmed it had sold a facility in Bretagne as part of its plans to ensure the company can function normally.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataA spokesperson for Doux declined to comment on how much interest the company had received and LDC, Triskalia and Glon Sanders did not return a request for comment.
It is understood Doux has extended a deadline for takeover bids by three days to 5 July, Reuters noted.
