PAI Partners in talks with Lur Berri for JV in Labeyrie Fine Foods-Reuters

(Reuters) – PAI Partners enters into exclusive talks to form a JV with Lur Berri Cooperative in Labeyrie Fine Foods.

It is expected that upon completion of transaction, PAI and Lur Berri would hold equal stakes in LFF, alongside management team.

Fiscal year ending june 2013, LFF achieved a turnover of 757 million euros.