Deals
Margarita Louis-Dreyfus Taps Credit Suisse for Loan
- Russian-born heiress needs cash to buy out family members
- The share purchases would cement her control over the trader
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Margarita Louis-Dreyfus, the billionaire at the helm of the eponymous agricultural trading house, tapped Credit Suisse Group AG for a loan needed to buy the shares of other family members, according to people familiar with the matter.
The Swiss bank is working on the loan to Louis-Dreyfus and her family trust Akira, said the people, who asked not to be named because the details are confidential. Louis-Dreyfus announced she had secured funds last week, but didn’t disclose the terms of the loan or who would be financing it.