Dawn Meats sells 49% Elivia stake to French co-op partner
Firm says its ambitions no longer align with those of Terrena
Dawn Meats is selling its minority 49 per cent stake in Elivia to Terrena, the majority shareholder of the French meat processing business, citing differing strategic views between the two firms.
Since the launch of the joint venture in 2015, Elivia enjoys annual sales of €930 million and has become “a solid number 2 in the French beef market”, according to a statement from Dawn Meats. While significant investments have been made into the company ...