GFM Network News

Dreyfus shareholders agree to arbitration over stake sale

Reading Time: 2 minutes Amsterdam/Paris | Reuters — Family shareholders of commodity trader Louis Dreyfus have agreed to arbitration talks to settle a long-running dispute over a share sale, sources familiar with the matter have told Reuters. The tussle concerns an attempt by minority shareholders to sell nearly 17 per cent of the group’s holding firm to Margarita Louis-Dreyfus, […] Read more

Investment firm SHV bids US$3.4B for feed firm Nutreco

Reading Time: 2 minutes Amsterdam | Reuters –– SHV, a family-owned Dutch investment firm, has reached a conditional agreement to buy animal feed and nutrition company Nutreco for 2.7 billion euros (US$3.4 billion), expanding into food-related businesses. The offer of 40 euros per share is a premium of 42 per cent to the stock’s closing price on Friday and […] Read more

Horsemeat blame game ricochets across Europe

Reading Time: 4 minutes Accusations, denials and threats to sue reverberated round Europe on Friday as meat traders, food processors, retailers and governments all rejected blame for horsemeat found in ever more beef dishes across the continent. In France, wholesalers and officials traded grievances, while more products were removed from sale in Britain, Germany, Austria and Norway; police raided […] Read more