Louis Dreyfus Commodities Shareholder Shatters IPO Chat -- Market Talk
March 26 2015 - 12:07PM
Dow Jones News
1536 GMT Any latent speculation agricultural commodities giant
Louis Dreyfus Commodities BV might be considering going public were
dashed Thursday when the company's majority shareholder Margarita
Louis-Dreyfus announced she has upped her stake in the holding
company that owns 85% of the commodities merchant and vowed to
maintain her super majority. Despite Glencore's high profile IPO a
few years ago, Louis Dreyfus is not alone among commodities
companies in seeking to remain closely-held. Many of the world's
biggest independent traders say public ownership doesn't suit their
business model. Ms. Louis-Dreyfus upped her stake in Louis Dreyfus
holding to 80% from 65% in December for an undisclosed sum.
(Sarah.Kent@wsj.com)
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