Tide turns for billionaire Margarita Louis-Dreyfus

Just over a year ago, Margarita Louis-Dreyfus’s financial outlook looked grim.

Since then, Louis-Dreyfus has sold 45% of Louis Dreyfus Co to an Abu Dhabi sovereign wealth fund, and the firm has profited from volatile and higher agricultural commodity prices during the pandemic. Her latest payout may help ease her debt burden after she borrowed to buy out her in-laws and honour her late husband’s wish of preserving the closely held trading business for his heirs. While the price of the Abu Dhabi sale wasn’t disclosed, people familiar with the matter said when it was announced in 2020 that it was roughly based on the company’s book value.It’s been a dramatic period for Louis-Dreyfus, who now lives in Switzerland.

She increasingly used dividends in recent years to help repay the loans and pledged some of her shares in Louis Dreyfus Co against the debt. Her stake sale to Abu Dhabi’s ADQ opened the family business to outside ownership for the first time.

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