Louis Dreyfus Sells African Fertilizer Business to Helios

Posted by Matt Hopkins|25 July 2017

Louis Dreyfus Co. has agreed to sell its African fertilizer business to Helios Investment Partners, sealing the first of a series of divestments planned by Louis Dreyfus as it responds to a tough cycle for agricultural commodity traders, reports Gus Trompiz on Reuters.com.

Helios, a private equity firm, is to acquire 100 percent of Fertilizers and Inputs Holding B.V., a distributor of fertilizers, crop protection products, seeds and industrial chemicals in West Africa that has annual sales of around $300 million, Helios and Louis Dreyfus said in a statement on Monday.

Financial terms of the transaction, which is pending regulatory approval, were not disclosed.

Read the full story on Reuters.com.