Margarita Louis-Dreyfus borrowed $1 billion from Credit Suisse last year to buy out minority shareholders of Louis Dreyfus Company (LDC) and pledged her majority stake in the commodities trader as collateral, a company filing showed. The loan was used to buy a 16.6% stake in the company from other family members and the share pledge means, if Margarita Louis-Dreyfus can’t repay or refinance the loan, Credit Suisse could take control of the 169-year old business. Margarita Louis-Dreyfus, who assumed control of the 169-year-old trading house in 2009 on the death of her husband Robert, sought the loan as …read more
Source:: Yahoo Finance
