| Louis Dreyfus Commodities B.V., a privately held agricultural trading firm since 1851, won’t be going public. Margarita Louis-Dreyfus, the largest shareholder and most powerful corporate board member at the family-controlled company, said Thursday she would increase her stake in the firm to 80%, dashing hopes of an initial public offering or sale of a stake.
Ms. Louis-Dreyfus has steadily increased her holding since the death of her husband, Robert Louis-Dreyfus, in 2009. “We are a long-term investor, and to be a long-term investor it’s very important to have family control of the company,” Ms. Louis-Dreyfus told reporters at a Paris news conference as the company reported a small increase in 2014 net profit...............................................Full Article: Source
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