Abu Dhabi's ADQ lines up banks for $1 bln Louis Dreyfus acquisition loan : vimarsana.com

Abu Dhabi's ADQ lines up banks for $1 bln Louis Dreyfus acquisition loan

Abu Dhabi's state-owned ADQ haslined up a small group of banks for a loan of about $1 billionto back its acquisition of a 45% stake in commodities traderLouis Dreyfus Co (LDC), three sources familiar with the mattersaid. ADQ said in November it had signed an agreement to acquirean indirect 45% equity stake in LDC, in what would be the firstoutside investment in the family-owned commodity merchant's169-year history. The planned acquisition financing will likely be provided bya small group of banks including Emirates NBD, FirstAbu Dhabi Bank, Intesa Sanpaolo, and Natixis, two of the sources said.

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