Louis Dreyfus Commodity Trading Company is in talks to sell a stake to Abu Dhabi Holdings' sovereign wealth fund (ADQ).
According to Reuters, bringing in foreign investors will be the first move of its kind in the 169-year-old history of Louis Dreyfus, which is privately owned and faces a business environment. Full of challenges.
In 2019, Louis-Dreyfus' profits declined sharply due to lower prices caused by the effects of the US-China trade war and the swine fever epidemic in China.
Louis-Dreyfus declined to respond to a Reuters request for comment, while the holding could not be reached for comment.
Reuters reported in an exclusive report in January that Louis-Dreyfus was open to selling a large non-controlling stake to an outside shareholder after completing the purchase of minority stakes owned by families Last year.
Louis Dreyfus, a majority owned by Margarita Louis-Dreyfus, is among the world's largest agricultural commodity trading companies that include Archer Daniels Midland, Bungee and Cargill. The Holding Company, a government-backed holding company, is carrying out acquisitions of companies in the primary commodities and agricultural sectors.
its portfolio includes the General Holding Company (Senaat) which owns subsidiary companies that trade in agri-food and industrial assets.
In May, the holding bought a controlling stake in Al Dhahirah Holding, an Abu Dhabi-based multinational company specializing in animal feed and basic food commodities.
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