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FINANCIAL NEWS
Saudi group to buy stake in Doux
09 Nov 2013
(MENAFN) French poultry group Doux is close to sign a deal through which Saudi food distributor Almunajem, will take a small stake, The Peninsula reported.
The deal would give D&P, an investment firm led by Didier Calmels, 52.5 percent of Doux, while Almunajem and Doux will hold the rest.
France�s poultry businesses went through a series of plant closures since Doux went into court administration last year in the face of mounting debts.
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