Almunajem Foods. LDC

LDC, the French family-owned poultry group, has secured court approval to acquire 100% of the share capital of France Poultry from the Saudi Arabian agri-food business Almunajem Foods. The transaction, sanctioned by the Rennes Commercial Court in February, is expected to complete by 31st December. As part of the settlement agreement, LDC will also acquire a 35.5% stake in the hatchery and feed business Yer Breizh, France Poultry’s primary supplier, …