London | Reuters –– Members of the founding family of Louis Dreyfus Commodities have asked the majority shareholder of the commodities trader to buy out most of their stake, Britain’s Financial Times newspaper reported Sunday. Quoting sources familiar with the situation, the newspaper said the family members had informed Margarita Louis-Dreyfus of their intention to […] Read more
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Dreyfus family members reported asking to be bought out
Ex-Viterra chief dropped as Dreyfus’ CEO-elect
The terms by which Mayo Schmidt would lead Louis Dreyfus’ commodities business have led the company and its chosen CEO to part ways. Offering no further details, Louis Dreyfus Commodities said Wednesday the company and the former Viterra CEO “have jointly decided not to proceed” with Schmidt taking the helm, “while retaining the highest mutual […] Read more
New Dreyfus CEO leaves Agrium board
Mayo Schmidt, the former Viterra chief executive named last month to become CEO of Louis Dreyfus’ global commodities business, has stepped away from the board table at ag input firm Agrium. Calgary-based Agrium, which includes wholesale fertilizer and retail seed, fertilizer and crop protection businesses, announced last Monday (Dec. 22) that Schmidt would resign from […] Read more
Dreyfus’ Yorkton canola crush plant status still unclear
CNS Canada — Questions linger over the status of Louis Dreyfus Commodities’ canola crushing plant at Yorkton, Sask., which was forced to halt operations in late October due to an explosion at a meal storage facility. The plant has reportedly been back in operation since the beginning of December, but the company will not confirm […] Read more
Ex-Viterra CEO to lead Dreyfus’ commodities business
The CEO who stitched Viterra together from Canada’s Prairie pools has been named to lead Louis Dreyfus’ global commodities business. Mayo Schmidt was announced Friday as the new CEO of Louis Dreyfus Commodities (LDC), the “D” of the four “ABCD” companies dominating the global grain business. Schmidt takes the reins at Rotterdam-based Dreyfus effective Jan. […] Read more
Dreyfus’ Sask. canola plant offline indefinitely
Reuters — A canola-crushing plant owned by the Canadian unit of global grain trader Louis Dreyfus will be offline indefinitely after an explosion and fire on Friday, the company said. Firefighters are investigating the cause of the blast at the Yorkton, Sask. plant, and an assessment of the structural condition of a canola meal storage […] Read more
Blast, fire hit Dreyfus’ Sask. canola plant
Reuters — An explosion and fire on Friday morning rocked Louis Dreyfus Commodities’ canola-crushing plant at Yorkton, Sask., but the fire was later extinguished, a city official said. The explosion occurred around 9:30 a.m. CT and firefighters put it out later in the morning, City of Yorkton spokesman Roy Lanaway said. Brant Randles, president of […] Read more
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