Ten takeover bids by seven groups have been submitted for French poultry exporter Doux, including bids by Daviet, Cavac Ciab, Financière Turenne Lafayette, LDC, Sofiprotéol, Tilly-Sabco and Terrena.
Sofiprotéol is leading a consortium that submitted a bid for Doux and brings together Sofiprotéol's subsidiary Glon Sanders, Duc, LDC, Terrena, Tilly-Sabco and Triskalia. In addition, Doux's current shareholders have submitted a plan to keep the indebted business running. "It's our understanding that the judicial administrators will use the period between now and the week commencing 23 July to incite the bidders to improve their offers ahead of an audience at the Paris commercial court scheduled to be held before the end of the month," said a Doux spokesman.
The current prediction is that judicial administrators will favor a global bid for the company, which will retain the maximum number of jobs and allow Doux to meet its commitments to its creditors.
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