Louis Dreyfus moves closer to buyout

In Brief

PARIS — Margarita Louis-Dreyfus, top shareholder of Louis Dreyfus Co., said she had secured financing for a deal that requires her to buy out family minorities, a move that has created uncertainty over the firm’s funding.

Minority family shareholders asked in 2015 to sell 16.6 percent of the company’s holding company to Margarita Louis-Dreyfus’s Akira trust in a buyout estimated at US$800 to $900 million.

The obligation to purchase the shares, under a long-term arrangement established by Louis-Dreyfus’s husband, Robert, before his death in 2009, has increased doubts about the group’s finances because it has coincided with a period of lower group profit and financial trouble at its Brazilian sugar subsidiary Biosev.

A company spokesperson said the financing consisted of “a bank loan.”

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