Louis Dreyfus seeks buyers for juice, fertiliser units: sources
Company revamps top management, shifts focus to higher-margin activities
Paris
LOUIS Dreyfus Commodities is seeking buyers for its orange juice and fertiliser units as the global merchant focuses on higher-margin activities, sources said, the latest firm to take steps to weather weak commodity markets.
The company had been actively marketing the orange juice and fertiliser businesses for some months, having appointed banks to lead the sales processes, sources said. Another source said the trading group was also looking to spin off its metals and dairy businesses.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama
ExxonMobil to take 18 to 24 months to hit full stride with Pioneer purchase
Oil settles down on US jobs data, steepest weekly loss in three months
Glencore Group nears deal for Shell’s Singapore oil refinery
Opec+ may need to tackle oil capacity conundrum next month
Gold flat ahead of US payrolls data, set for second weekly drop