EU: Saudi group Almunajem mulls Doux investment in France

| 21/09/2013 | Reply
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.

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Category: Europe, Finance & Investment, France, Meat & Poultry, Middle East & Africa, Saudi Arabia

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