Louis Dreyfus to explore stake sale in metals unit in H2 2017



Louis Dreyfus Company [AKIRAU.UL] expects to start conversations on potentially selling a stake in its metals business in the second half of 2017, Chief Executive Gonzalo Ramírez Martiarena said on Wednesday.
A senior Louis Dreyfus source said earlier this year the company was ring-fencing its fertilisers, metals, juice and dairy units and was seeking partners to help them expand.
"Our metals division can eventually be ready for a conversation with potential partners in the third or fourth quarter next year," Ramírez said at the Reuters Commodities Summit on Wednesday.
"We... read more

 
12 October 2016 in Business, Views: 42
Source: Reuters
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