Agricultural Giant Louis Dreyfus to Sell Major Stake to Abu Dhabi State Firm
Agricultural Giant Louis Dreyfus to Sell Major Stake to Abu Dhabi State Firm
Billionaire heiress Margarita Louis-Dreyfus agreed to sell a major stake in Louis Dreyfus Company B.V., the Dutch agricultural merchant that has borne her family's name for almost two centuries, to a state-owned holding company in the United Arab Emirates.
The agreement with Abu Dhabi-based ADQ completes a yearslong search by Ms. Louis-Dreyfus for an outside investor in the privately held coffee-to-cotton trading house, after she agreed to buy out family members who held minority stakes in 2018. As part of the deal, Louis...