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STXNEWS LATAM-Louis Dreyfus unit revives Brazil IPO plan
February 20, 2013 / 12:26 AM / in 5 years

STXNEWS LATAM-Louis Dreyfus unit revives Brazil IPO plan

Shareholders of Brazil’s Biosev SA, a unit of global commodities company Louis Dreyfus Corp, have approved plans for an initial public offering, according to a securities filing on Tuesday.

The sugar cane processing unit suspended IPO plans in July, citing a lack of demand, but has revived them after successful bond sales by some local sugar mills and renewed investor appetite for Brazilian equities.

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