Louis Dreyfus Brazilian unit may revive IPO plans


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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