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.
