LDC May Be Interested in Part of Doux, Journal du Dimanche Says

LDC SA (LOUP), a French poultry processor, may be interested in buying the fresh cut business of Doux SA, Le Journal du Dimanche reported, without citing anyone.

France’s sovereign wealth fund FSI is also ready to team up with partners to help Doux, which sought protection from creditors on June 1, the newspaper said. Doux, which owes 140 million euros ($174 million) to Barclays, is seeking new lenders with the help of Lazard bankers, according to Journal du Dimanche.

Barclays said in a statement on June 1 that it was disappointed by Doux’s decision to seek protection from creditors as a rescue plan was being worked out. Proposed refinancing plans were short-term solutions that didn’t provide enough guaranties for the group, Doux said in a statement.

To contact the reporter on this story: Francois de Beaupuy in Paris at fdebeaupuy@bloomberg.net.

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net.

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