13 June 2007 - Last month, FLEXNEWS reported that French dairy producer Toury appealed against the Clermont-Ferrand commercial court's decision to order the sale of Toury to a consortium of four companies, instead of fellow dairy products company Lactalis.
Earlier in May, the court had ruled in favour of a takeover plan proposed by a group of four companies led by cheese maker Paul Dischamp of dairy group Toury. The three others are the Dairy Cooperative Group of Charente-Poitou, Spanish dairy firm Leche Pascual and Vitagermine, an organic food specialist.
The court ruling at the time spelled the end for plans by Lactalis to acquire Toury.
However, the French financial press today believes all is not over yet for Lactalis.
According to some papers, the appeals court in Riom, near Clermont-Ferrand, has started examining Toury’s appeal this morning.
A decision is expected in the next few weeks.
A family-owned business, Toury’s annual turnover is estimated at EUR 230 million. The group was placed into receivership in April 2007.