halalfocus.net
Back Menu

EU: Saudi group Almunajem mulls Doux investment in France
By Dean Best

groupe-douxSaudi food distributor Almunajem is considering taking a stake in French poultry processor Doux, which is looking to exit administration within two months.

Almunajem, which distributes Doux’s products in Saudi Arabia, is weighing up a 25% holding in the company, the French firm has revealed.

The Saudi distributor would join a share roster that looks set to feature French investment fund Développement & Partenariat as the majoirty shareholder in Doux.

The poultry group announced the possible investment from its Saudi customer as it outlined hopes it can exit administration in mid-November after more than a year.

For full story go to:

http://www.just-food.com/news/saudi-group-almunajem-mulls-doux-investment_id124533.aspx

Pin It on Pinterest

Share This