France-based Doux – once Europe’s largest poultry producer – has announced that it is attempting to sell its feed plant in Stanven for US$19.3 million by mid-November.
Monday’s announcement comes just months after the company accepted an offer from Barclays Bank to sell a majority stake in the company to continue operating.
Doux, which also owns poultry processor Doux Frangosul in Brazil, ceded 80 percent ownership rights to Barclays, with private owner Charles Doux retaining 20 percent. The sale of the feed plant is expected to help repay a US$12.8 million loan to Barclays.
The company now will employ 2,100 people – about one-fifth of its peak workforce before filing for bankruptcy in June.
Source: Argentine Beef Packers S.A.
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