Louis Dreyfus Corp. is apparently strapped for cash and in talks with ADQ, an investing organization for Abu Dhabi.
Dreyfus has been a privately-owned commodities-trading company for 169 years and this is the first time it’s shopping for outside backers.
Bloomberg broke the news; neither Dreyfus nor ADQ will comment.
Last year Dreyfus’s profits tumbled when grain prices declined because of the trade war between China and the United States and because of the African Swine Fever outbreak in China.
Margarita Louis-Dreyfus is the largest stakeholder in Louis Dreyfus Corp. which is one of the world’s four largest grain traders. The others are Archer Daniels Midland, Bunge and Cargill.
