LDC to buy France Poultry from Saudi group Almunajem

Core Viewpoint - LDC has acquired France Poultry from Almunajem Group, aiming to reorganize the business and shift its market focus away from the Gulf region [1][5][6] Group 1: Acquisition Details - LDC is purchasing 100% of France Poultry, which was formed to take over the export-oriented poultry slaughterhouse from the former Doux business [1][3] - The deal includes acquiring 35.5% of the share capital of Yer Breizh, a hatchery and feed business that supplies France Poultry [2][4] Group 2: Business Reorientation - LDC plans to reorient France Poultry's operations to target other markets starting next year, as the current focus on the GCC markets is deemed unprofitable [6] - The company intends to build a new poultry slaughterhouse for France Poultry, expected to be operational by early 2028, to better meet French domestic market demand [6][7] Group 3: Financial and Operational Context - Financial terms of the acquisition were not disclosed, but the transaction is seen as a necessary step for France Poultry's reorganization and future sustainability [5] - The existing slaughterhouse will undergo a progressive reorganization rather than a straightforward shutdown, allowing for a transition phase [7]