Terrena subsidiary Galliance plans to scoop poultry rival Volatys.

French agriculture co-op Terrena is seeking to acquire FPG Invest, the owner of poultry group Volatys, through its subsidiary Galliance. The proposed takeover is currently under review by France's competition authority. The deal would give Galliance exclusive control over FPG Invest, although financial details have not been disclosed. Volatys produces a variety of poultry products and distributes them to local and international foodservice, retail, and manufacturer groups. Galliance owns several established French poultry brands. Terrena is also in negotiations to acquire a majority stake in frozen and shelf-stable food producer Tipiak. Additionally, the co-op recently regained 49% of shares in meat processor Elivia. [Extracted from the article]

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