The deadline to place takeover bids on poultry exporter Doux has been extended by its administrators to July 5, according to reports, as interest in part or all of the company has increased to 20 potential buyers.
Doux stopped paying its creditors at the beginning of June after reaching a debt of €340 million (US$423 million), and is now trying to save the company. "All options are open," said a Doux spokesman. "They could decide on a part or complete takeover, or also the continuation of the monitoring period." Regional authorities in Brittany have voted to provide €4 million in aid for Doux suppliers affected by the situation.
A commercial court will hold a hearing on July 16 to consider the bids selected by Doux administrators.