Margarita Louis-Dreyfus borrowed $1 billion from Credit Suisse last year to buy ...
) last year to buy out minority shareholders of Louis Dreyfus Company , pledging her majority stake in the commodities trader as collateral, a company filing showed.
She said a year ago that she had completed the purchase of 16.6% of LDC’s holding company from other family members, bringing her stake to about 96%. Last January’s share buyout was the second by Margarita Louis-Dreyfus and like the previous one concluded in 2015 it followed protracted negotiations over valuation.The exit of most other family members could be followed by the entry of outside investors for the first time after LDC said last year that it may look at selling stakes.
Dividends have offered some leverage for Margarita Louis-Dreyfus and LDC disclosed in its 2019 interim results that it had paid its biggest dividend in five years. FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at its headquarters at the Paradeplatz square in Zurich, Switzerland October 1, 2019. REUTERS/Arnd Wiegmann/File Photo
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