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LDC's Main Shareholder to Buy Out Minorities

Margarita Louis-Dreyfus has completed arrangements in buyout estimated at $800-$900M

Louis Dreyfus Company logo

Margarita Louis-Dreyfus, the majority shareholder of agricultural commodity trader Louis Dreyfus Company (LDC), said on Wednesday she had completed arrangements to finance a requirement to buy shares from minority shareholders.

Reuters reports minority family shareholders had requested in 2015 to sell 16.6% of LDC’s holding company to Margarita Louis-Dreyfus’ Akira trust, in a buyout estimated at $800-$900 million.

“I am very pleased to have completed this process, reconfirming my commitment to safeguarding the Louis-Dreyfus heritage and shaping its long-term future,” Louis-Dreyfus said in a statement to Reuters, without giving details of the financing.

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