Louis Dreyfus Brazilian unit may revive IPO plans

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Louis Dreyfus Brazilian sugarcane processing unit, Biosev, may resume plans for an initial public offering in the next months, newspaper Valor Economico reported.

Shareholders of the Brazilian company will vote a plan to raise about 760 million reais ($380 million) with the offering of a 25 percent stake. Last year Biosev, the second-largest miller, suspended plans for an IPO which intended to raise 1.14 billion reais ( $570 million), citing market conditions.


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