A French court has decided to delay the decision of indebted poultry group Doux's possible takeover until at least October, according to reports.

Two competing plans were submitted: one involving giving Barclays bank an 80 percent stake in the company in exchange for €140 million (US$172.42 million) in debt forgiveness; and the other a takeover offer from a consortium of French agri-business groups led by oilseed company Sofiproteol. The commercial court has extended its deliberations until Oct. 9 and, in the meantime, ordered the liquidation of Doux's fresh poultry activity and called for bids for the business to be submitted by Aug. 10.

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Doux employs roughly 4,000 people, and either plan will include the loss of 1,000 jobs.