Louis Dreyfus majority shareholder completed buy-out
Margarita Louis-Dreyfus, Chairperson of Louis Dreyfus Company Holdings B.V. (LDCH) announced that on 25 January, the Group’s majority shareholder completed the buy-out of the minority shareholders who so desired. The transaction brings Akira’s stake in the Group to 96.2%.
“The buy-out turns a page in the Group's history to a new and exciting chapter,” commented Ms. Louis-Dreyfus. “I am extremely grateful for the incredible heritage that is ours today. With a stable ownership structure in place, a clear strategy for our next growth phase and a strong management team, we are well positioned to write our next chapter and fulfill our purpose to create fair and sustainable value for the long term,” she concluded.
LDC announced a four-pillar growth strategy centered on strengthening its trading edge, integrating vertically, diversifying revenues through value-added products and innovation in technologies, food, etc. The strategy, which will be driven largely by partnerships, joint ventures and co-investments, underpins the company’s vision to help feed the world’s ever-growing population ethically and sustainably.
As previously reported, for the six-month period ended June 30, 2018, Louis Dreyfus Company net income amounted to USD 100 million, versus USD 160 million for the same period the previous year.