Louis Dreyfus Co. (LDC) has agreed to sell a large stake to Abu Dhabi-based holding company ADQ, marking the first external investment into the family-run commodity group, reportsReuters.
LDC’s holding firm will sell an indirect 45% equity stake in LDC to ADQ, the companies said in a statement on Wednesday.
It has been trying to emerge from a period of weak margins for buying and selling staple crops and has shifted more toward food processing to boost revenue.
The transaction price was not disclosed, but the companies said a minimum of $800 million will be invested into LDC.
