LDC Clinches Santelisa Purchase, Eyes IPO

LDC Clinches Santelisa Purchase, Eyes IPO

M&A

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 new company, valued at BRL8bn, is made up of all of the assets of LDC Bioenergia,

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