Minority shareholders in Louis Dreyfus' Brazilian unit LDC SEV plan to sell stakes - report

Nov 30, 2011 - Brazilian sugar and ethanol producer LDC SEV, a unit of French group Louis Dreyfus Commodities (LD Commodities), may see a change in its shareholding in 2012, since minority shareholders plan to sell their 35% stake in the company's capital, French daily Les Echos said, quoting sources close to the matter.
LDC SEV was set up in 2009 from a merger of LD Commodities' unit Bioenergia and Brazilian cane sugar producer Santelisa Vale (SEV).
The stake may be worth in total some USD 1.5 billion (EUR 1.1bn), including net debt.
Banks JP Morgan (NYSE:JPM) and Bradesco (SAO:BBDC4) have been asked to assist the group in the sale process.

(EUR 1.0 = USD 1.329)

Choose your newsletter by Renewables Now. Join for free!