MercoPress. South Atlantic News Agency
French poultry processor in Brazil in talks to sell local subsidiary
But Doux Frangosul’s debts are estimated at around 319 million dollars Brazil’s meat giant JBS is the most likely buyer of a local subsidiary owned by a French poultry processor, according to news reports.
Montenegro, Brazil-based Doux appears to be nearing a pull-out from Brazil, which would leave its local subsidiary Doux Frangosul.
Reports say talks between the two companies are ongoing but that JBS is concerned about the Doux Frangosul’s debts — estimated at around R600 million (319 million dollars).
The company shuttered two poultry processing plants in the Brazilian state of Rio Grande do Sul, according to news reports. Marfrig is also rumoured to be in the running.
In 2009, Marfrig acquired Doux’s turkey operation in Caxias do Sul, Rio Grande do Sul for R65 million (34.5 million dollars).
Doux Frangosul offers various poultry and pork products and exports poultry products internationally. (Meat Trade News).-
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Read all commentsBrazil has more bigger market than UK , France have in per person paultry consumption.
May 03rd, 2012 - 08:58 am 0http://www.facebook.com/pages/Misiones-y-Formosa-son-de-Paraguay/250980491652629
May 04th, 2012 - 06:50 pm 0Please like this page in order to force Argentina to return Misiones and Formosa Provinces to Paraguay, the country they were stolen from in 1870!
Misiones and Formosa Provinces are provinces of Argentina that were seized and annaxed by Argentina from Paraguay this page is dedicated to address Argentine hyporcacy and ensuring their return to Paraguay.
It's only right that Argentina first addresses its own hyocracy by re-examining its own history before talking about taking more land it has never had soverignty over. Not just the Falklands but South Georgia and the South Sandwhich Islands.
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