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Abu Dhabi fund boosts food security with $800m Louis Dreyfus deal

LONDON: Abu Dhabi-based ADQ has agreed to acquire a major stake in Louis Dreyfus (LDC) as part of an $800 million investment in the commodity trader. The deal comes as the coronavirus pandemic re-focuses attention on food security among Gulf states which rely heavily on imports.

It also opens up the 169-year-old family-owned group that is controlled by billionaire Margarita Louis-Dreyfus, to major outside investment for the first time.

News source ~ Arab News