Doux to receive line of credit
June 15, 2012
by Meat&Poultry Staff
CHATEAULIN, France – Doux SA, a French poultry company, will receive a €35 million ($44 million)line of credit to pay the company’s suppliers and maintain deliveries, according to Bloomberg.
Barclay’s Plc, Credit Agricole SA and Credit Mutuel de Bretagne have agreed to provide the line of credit, according to the report. Doux recently filed for bankruptcy protection. The company’s debt totals €340 million ($420.39 million).
In early May, the company leased its Frangosul poultry processing plants to JBS SA in a renewable 10-year contract.