Billionaire Heiress Squeezes Louis Dreyfus for Cash as Trade War Hits Profit
- Agricultural trader paid $428 million dividend to owners
- Margarita Louis-Dreyfus squeezes LDC for cash to repay loans
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Billionaire heiress Margarita Louis-Dreyfus continued to squeeze agricultural trader Louis Dreyfus Co. for cash, even as global trade tensions saw first-half profit plunge.
The foodstuffs trader paid a dividend of $428 million during the first six months of the year, LDC said Monday. That’s the biggest dividend since 2014, when the company generated more than half a billion dollars in profit.