Louis Dreyfus chair borrowed about $240m from Credit Suisse

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Margarita Louis-Dreyfus said in late 2020 she planned to use the proceeds of the sale of a 45% stake in LDC to ADQ to settle a $1bn loan from Credit Suisse

Margarita Bogdanova reacts during the Ligue 1 Uber Eats match between Marseille and Paris Saint Germain at Orange Velodrome on October 24 2021 in Marseille, France. Picture: GETTY IAMGES/XAVIER LAINE

Louis-Dreyfus told Swiss business magazine Bilanz in late 2020 she planned to use the proceeds of the sale of a 45% stake in LDC to Abu Dhabi investment firm ADQ to settle a $1bn loan from Credit Suisse, taken in early 2019 to buy out minority family shareholders. Akira's 2020 report filed last week showed the trust owed Credit Suisse $718.4m of the original loan at the end of 2020, of which a further $50m was repaid in May 2021.

Also on September 10, Akira received a $405.3m dividend from LDC’s holding as well as a $47m share premium reimbursement from Ruethiers, the filing said.

 

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