Four bidders shortlisted for Daybreak poultry partnership as turnaround gains momentum

THE Daybreak Business Rescue Practitioners (BRPs) have shortlisted four potential strategic equity partners (SEPs) for the Public Investment Corporation (PIC)-owned poultry producer, signalling growing confidence in the company's turnaround efforts.

- BANELE GININDZA

IN AN UPDATE, Daybreak said on the operational front, the company has made progress in stabilising hatchery and breeder operations with three sites having been repopulated in August and September, with production volumes on track to reach 1.5 million day-old chicks by March 2026.

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Daybreak's Transaction advisor, Park Village Auctions (PVA), on Monday said the selected bidders are actively engaged in due diligence, including virtual data room review, physical site inspections, and in-depth sessions with management and the business rescue team.

In an update, Daybreak said on the operational front, the company has made progress in stabilising hatchery and breeder operations with three sites having been repopulated in August and September, with production volumes on track to reach 1.5 million day-old chicks by March 2026.