Shareholders exercise Biosev put

Shareholders exercise Biosev put

Equity

Holders of 99.9% of put options in Biosev shares exercised the option this week, the company said. That represents 37.4m shares, or close to 18.1% of the stock. The move leaves Louis Dreyfus Commodities, the controller, holding 76.6% of the company. To keep Biosev listed on Brazil’s Novo Mercado — something it has said it wants to do — the company needs to have 25% in free-float, meaning it would need to sell 3.4m shares publically within the next six months. Biosev listed publically in April 20

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