Commodity giant Louis Dreyfus Corp. looks to cash out of a sweet investment made at the height...

|By:, SA News Editor

Commodity giant Louis Dreyfus Corp. looks to cash out of a sweet investment made at the height of the financial crisis, saying it will spin off its Brazilian sugar division in an IPO that could raise $548M. With European banks pulling back on funding, Dreyfus needs the cash to compete with the likes of Glencore, which raised a bundle in an IPO last year.