Home THE DAILY EDGE Business Dreyfus mulls Olam merger as growth option: report
Dreyfus mulls Olam merger as growth option: report

Tags: Olam International

Written by Reuters   
Thursday, 23 September 2010 18:28
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Louis Dreyfus is considering a merger with fellow commodities group Olam (OLAM.SI) and a possible listing of certain activities as possible options to expand the family-owned company, Les Echos said on Thursday.

The business daily, which did not cite its sources, said in a report that share listing options being considered were either that of the LD Commodities subsidiary, or the Brazilian activities of LD Commodities, with a listing in Sao Paulo.

Contacted by Reuters, no one at Dreyfus was immediately available to comment on the report.

Fellow French daily Le Figaro had reported on Wednesday that Louis Dreyfus, one of the world's largest commodity trading houses, was considering listing shares, a report which was later confirmed by a bank source who had been in contact with the group.

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Last Updated on Thursday, 23 September 2010 18:29