Terrena,France's leading food cooperative,is planning to place a bid for French poultry firm Doux,which entered into administration in June 2012.
A Terrena spokesperson told just-food.com that the company is seeking to place a bid,but the decision has not been finalized.
Nearly 20 agri-food firms,including rival poultry company LDC,animal-feed manufacturer Glon Sanders,French farm cooperative Triskalia,have expressed interest in purchasing a stake or the complete takeover of Doux.
Doux has received the funds to ensure its operations.However,talks are ongoing to help the company go through its six-month period under court protection and pay off arrears to breeders.
It has been reported that Doux has extended the deadline for takeover bids by three days to 5 July.
Doux,which is one of the world's largest poultry exporters,was put into administration by court in Quimper,France,after the company suspended payments to its creditors.
Earlier,the company said that it owed€340m-which includes€200m in Brazil,where it acquired subsidiary Frangosul in 1998,and€140m to Barclays bank.
Doux employs 10,000 people across the world including 3,400 in France.It has supply contracts with about 800 poultry breeders.Doux founder Charles Doux owns 80%of the company,while BNP Paribas holds 20%stake.The company posted sales of€1.4bn in 2010.
