Louis-Dreyfus family members may sell some shares to Margarita Louis-Dreyfus
Raw materials trader the Louis-Dreyfus group could soon see Margarita Louis-Dreyfus hold 80% of the shares in the group, according the Journal du Dimanche. The French weekly noted that talks are underway for four family shareholders to sell some or all of their holding to Margarita Louis-Dreyfus, already a 64 % shareholder.
Quoting an unnamed source, the item noted that Margarita Louis-Dreyfus has been asked to go it alone if she wishes to finance the operation. The would-be vendors, according to the JDD, are sisters Monique and Colette Louis-Dreyfus and a cousin called Laure who is based in the United States. Talks have been conducted for the past few weeks, the item noted, but have stumbled over pricing issues.
The JDD estimated a transaction value in the EUR 1bn range.
Source Journal du Dimanche