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November 25, 2016

Plukon Food Group ‘in talks to buy French poultry peer Duc’

Plukon Food Group, the Netherlands-based poultry processor, is reportedly in talks to buy its French peer, Groupe Duc.

By Dean Best

Plukon Food Group, the Netherlands-based poultry processor, is reportedly in talks to buy its French peer, Groupe Duc.

French newspaper Le Monde yesterday (24 November) said the two companies were in discussions over a possible deal.

The report came 48 hours after Duc, in a stock exchange filing, announced it was in “final negotiations” with an “industrial player” – which the company did not name – over “a significant transaction on its entire business”. Duc said the transaction would “ensure financial stability and have a significant impact on its capital”. The group asked for trading in its shares to be suspended, which it said would be “effective until further announcements” from the company.

Approached by just-food this afternoon for a reaction to Le Monde‘s report, a spokesperson for Duc declined to comment on the claims but said: “Our position today is exactly the same as our statement Tuesday evening: all elements related to the transaction will be subject to an appropriate communication in the days / weeks.”

A spokesperson for Plukon could not be reached for comment.

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