By Dean Best
Saudi 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.
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