Dreyfus Said to Pledge Brazilâs Raizen Shares as Loan Collateral
Feb 27 2021, 10:31 AM
February 27 2021, 10:30 AM
February 27 2021, 10:31 AM
(Bloomberg) Louis Dreyfus Holding BV has pledged its entire stake in Raizen Energia SA as collateral to a loan to appease creditors from its former Brazilian sugar-milling unit, according to people familiar with the matter.
(Bloomberg) Louis Dreyfus Holding BV has pledged its entire stake in Raizen Energia SA as collateral to a loan to appease creditors from its former Brazilian sugar-milling unit, according to people familiar with the matter.
The agricultural commodities trader controlled by billionaire Margarita Louis-Dreyfus promised to the 3.5% stake it will have in Raizen to help pay down debt if Brazilâs top sugar and ethanol producer issues shares in an initial public offering, said the people, who asked not to be identified because the discussions are private. The dividends expected to be received from another 1.49% h