GFM Network News


Louis Dreyfus to gain first outside investor

Abu Dhabi's ADQ fund to acquire indirect 45 per cent stake

Paris | Reuters — Louis Dreyfus Co. (LDC) has agreed to sell a 45 per cent stake to Abu Dhabi’s ADQ, the companies said on Wednesday, the first outside investment in the family-owned commodity merchant’s 169-year-old history. The deal comes after a search by chairwoman Margarita Louis-Dreyfus for an investor to relieve debt built up […] Read more



UAE-Egypt alliance expands to desert wheat venture

Abu Dhabi/Cairo | Reuters — Egypt and two companies from its strong backer United Arab Emirates have embarked on an ambitious plan to grow wheat in the desert that could boost the Cairo government’s credibility if successful. Egypt, the world’s biggest wheat importer, has long aspired to become self-sufficient in its staple food through various […] Read more