French poultry firm Doux,which entered into administration earlier this month,is looking for buyers who would be able to acquire the entire business.
Judicial administrator Regis Vaillot said that the administrators wanted to avoid a split of the company,and added that they would be open to a possible refinancing of Doux,reported Reuters.
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.
