Monday, May 14, 2012

"Dreyfus to Tap Capital Markets"

I attempt to respect the FT's no cut and paste policy but when they have the scoopage it is unavoidable.
From the Financial Times:
Louis Dreyfus Commodities, one of the world’s biggest food trading houses, plans to tap the capital markets for the first time in its 160-year history, as it embarks on a $7bn spending programme that will include a string of acquisitions.

The move comes as dealmaking sweeps the fast-consolidating agribusiness industry, with Glencore buying Canadian food trader Viterra for C$6bn and Marubeni of Japan eyeing a $5bn deal to snap up US-based grain trader Gavilon.

In a rare interview, Serge Schoen, chief executive, told the Financial Times that privately held Louis Dreyfus planned a 40 per cent boost in investment over the next five years compared with the 2006-11 period....MUCH MORE
The Who's Who and What's What at Louis-Dreyfus
Commodities: Will Glencore Buy Louis Dreyfus Before it Goes After Xstrata? (XTA.L)