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LDC to Sell Stake to Abu Dhabi Wealth Fund

Bringing external investors would be a first in company's history

LDC logo positive

Louis Dreyfus Corp. (LDC) is in talks to sell a stake to Abu Dhabi sovereign wealth fund ADQ, Reuters reports.

For the privately held company, which has been facing a challenging business environment, bringing external investors would be a first in its 169-year-old history.

In 2019, LDC profits declined sharply, on low prices due to the impact of U.S.-China trade war and the swine fever epidemic in China.

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