Abu Dhabi’s ADQ Said to Eye Bid for Polish Poultry Firm Cedrob

March 27, 2024, 4:40 PM UTC

Abu Dhabi wealth fund ADQ is among potential suitors looking at a possible bid for Cedrob Group, Poland’s biggest poultry and meat producer, people familiar with the matter said.

Cedrob is appealing to ADQ as a way to enhance food security in the Persian Gulf, the people said, asking not to be identified as the process is confidential. Initial bids are expected in April, according to one person.

Bloomberg News reported in February that Cedrob was weighing a potential sale in which it could seek a valuation of about $2 billion. ADQ and other suitors may not bid for ...

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