Major chicken producer Tegel is back on the market but could go in a stock exchange listing by current owners, the Asian-based Affinity Equity Partners. Industry insiders believe the sale could bring in up $1 billion. Affinity bought the company in 2011 for $605m from PEP who purchased it in 2005 for $390m. It’s turnover last year was $517m showing a profit of around $14m.
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