LDC Clinches Santelisa Purchase, Eyes IPO

Oct 28, 2009

Louis Dreyfus Commodities (LDC) has completed its acquisition of SantelisaVale (SEV) following more than 9 months of discussions to form what it claims is Brazil’s second largest sugarcane crusher. As part of the agreement, the new company, LDC SEV, will do an IPO within 3 years, with an option to extend that period by another 2 years, say people on the deal. No banks have been mandated for the IPOs, they add. The...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management