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LDC Sells 45% Stake to Abu Dhabi Fund

Companies said minimum of $800M will be invested into LDC

LDC logo positive

Louis Dreyfus Co. (LDC) has agreed to sell a large stake to Abu Dhabi-based holding company ADQ, marking the first external investment into the family-run commodity group, reports Reuters.

LDC’s holding firm will sell an indirect 45% equity stake in LDC to ADQ, the companies said in a statement on Wednesday.

It has been trying to emerge from a period of weak margins for buying and selling staple crops and has shifted more toward food processing to boost revenue.

The transaction price was not disclosed, but the companies said a minimum of $800 million will be invested into LDC.

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