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Louis Dreyfus sells African fertilizer business to Helios – Reuters

* Unit had annual sales of around $300 mln

* Louis Dreyfus planning series of divestments

By Gus Trompiz

PARIS, July 24 (Reuters) – Louis Dreyfus Company has agreed to sell its African fertilizer business to Helios Investment Partners, sealing the first of a series of divestments planned by Louis Dreyfus as it responds to a tough cycle for agricultural commodity traders.

Helios, a private equity firm, is to acquire 100 percent of Fertilizers and Inputs Holding B.V., a distributor of fertilizers, crop protection products, seeds and industrial chemicals in West Africa that has annual sales of around $300 million, Helios and Louis Dreyfus said in a statement on Monday.

Financial terms of the transaction, which is pending regulatory approval…

Read the full article at: https://www.reuters.com/article/louisdreyfus-fertiliser-helios-idUSL5N1KF357

Category: RestructuringBy Insolvency GuardianJuly 24, 2017

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Louis Dreyfus sells African fertilizer business to Helios – Reuters

* Unit had annual sales of around $300 mln

* Louis Dreyfus planning series of divestments

By Gus Trompiz

PARIS, July 24 (Reuters) – Louis Dreyfus Company has agreed to sell its African fertilizer business to Helios Investment Partners, sealing the first of a series of divestments planned by Louis Dreyfus as it responds to a tough cycle for agricultural commodity traders.

Helios, a private equity firm, is to acquire 100 percent of Fertilizers and Inputs Holding B.V., a distributor of fertilizers, crop protection products, seeds and industrial chemicals in West Africa that has annual sales of around $300 million, Helios and Louis Dreyfus said in a statement on Monday.

Financial terms of the transaction, which is pending regulatory approval…

Read the full article at: http://www.reuters.com/article/louisdreyfus-fertiliser-helios-idUSL5N1KF357

Category: RestructuringBy Insolvency GuardianJuly 24, 2017

Post navigation

PreviousPrevious post:Former Rangers star Barry Ferguson declared bankrupt with debts of more than £1.4 million – Herald ScotlandNextNext post:Jyoti Structures: NCLT admits corporate insolvency resolution process filed by SBI – Zee Business

Related Posts

Real estate businesses seek restructuring of overdue, coming due bonds – Viet Nam News
July 17, 2024
SK Ecoplant to merge tech unit for group restructuring – Korea Economic Daily
July 16, 2024
Revenue negotiations on warehouse debt cited as reason for decline in small company restructurings, study says – The Irish Times
July 16, 2024
Over 200 jobs saved so far this year through small business restructuring process – Irish Examiner
July 15, 2024
Atos secures funding for rescue plan, lives to fight another day – The Register
July 15, 2024
McGrathNicol celebrates twenty years in business recovery – Consultancy.com.au
July 13, 2024
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