UAE - Mubasher: Abu Dhabi's state-owned ADQ has selected a small group of banks to arrange for an around $1 billion loan to acquire a 45% stake in Switzerland-based Louis Dreyfus Co (LDC), sources told Reuters.
The selected banks include Emirates NBD, First Abu Dhabi Bank (FAB), Intesa Sanpaolo, and Natixis.
The sources remarked that Rothschild is advising ADQ on the fundraising, which will be completed in the upcoming weeks.
It is noteworthy to mention that in November, ADQ inked an agreement to acquire an indirect 45% equity stake in LDC to support its portfolio, including Silal, Agthia, and Al Foah.
