Louis Dreyfus family members ask to be bought out: FT


Margarita Louis-Dreyfus / Getty

(Reuters) Members of the founding family of Louis Dreyfus Commodities have asked the majority shareholder of the commodities trader to buy out most of their stake, Britain’s Financial Times newspaper reported on Sunday.

Quoting sources familiar with the situation, the newspaper said the family members had informed Margarita Louis-Dreyfus of their intention to sell 16 percent of the holding company, worth about $1 billion. They currently own 20 percent of the group.

Louis-Dreyfus, who assumed control of the trading house in 2009 after the death of her husband, Robert, has been working with banks on ways to finance the purchase, the sources were quoted as saying.

One plan under discussion involves bringing in a strategic investor to buy the stake, which could mean a sale of shares to a sovereign wealth fund, the Financial Times reported.

Family trust Akira this month said it was ready to increase its stake in the holding company and saw current market conditions as favorable for such a move.

Akira is the vehicle through which Russian born Louis-Dreyfus controls Dreyfus, one of the world’s largest traders of agricultural goods. It currently holds about 80 percent of Louis Dreyfus Holding B.V., which in turn controls about 90 percent of the group, the rest being owned by employees.


READ MORE: Louis-Dreyfus

Talented family: Charlie Hall (right) is a freshman walk-on for the basketball team at Northwestern University. Above he's pictured with his parents,   actress Julia Louis-Dreyfus (center) and Brad Hall (left)

Julia Louis-Dreyfus’ son Charlie Hall has joined Northwestern University in Evanston basketball team as a walk-on, according to a representative for the school, Reports NBC Chicago. Northwestern Associate More…

Margarita Louis-Dreyfus / Getty

Brazil’s sugar producers will struggle to expand output and take advantage of the market’s first supply shortfall in five years, Louis Dreyfus Commodities Holdings’s sugar unit says. Some companies may have More…

Golden Globes Nominations

Nobody has won the Emmy as Best Comedy Actress four straight times since Helen Hunt (“Mad About You, ” 1996-1999). But according to exclusive Gold Derby predictions, Julia Louis-Dreyfus is poised to More…

Julia Louis-Dreyfus and Joe Biden White House Correspondents Dinner 2014

What happens when two actors sit down together and interview one another? See Julia Louis-Dreyfus and Jeffrey Tambor do just that int Variety’s Actors on Actors series. – On doing research More…


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.