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Louis Dreyfus to Spend 800 Million Reais on Santelisa



Oct. 27 (Bloomberg) -- Louis Dreyfus Commodities will inject 800 million reais ($463 million) in a company resulting from the merger of LDC Bioenergia and Santelisa Vale SA. The merged entity will be called LDC-SEV and may sell shares for the first time in the next three to five years, Chief Executive Officer Bruno Melcher told reporters today in Sao Paulo. The company will have a market value of about 8 billion reais ($4.6 billion), according to Melcher.

LDC will have about 60 percent of the new combined entity, which will be the world’s second largest producer of fuel made from sugar cane. LDC may also sell its 25 percent stake in the Tropical biofuel partnership it owns with BP Plc., Melcher said.

To contact the reporter on this story: Lucia Kassai at lkassai@bloomberg.net.

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