AFRICA

Helios and OCP play game of bluff over fertiliser trader Solevo

A Solevo storage facility.
A Solevo storage facility. © www.heliosinvestment.com
Solevo, a fertiliser and agricultural inputs trading company, was bought from Louis Dreyfus Company in 2016 by the British fund Helios and the Singaporean sovereign wealth fund Temasek. It will soon be put back on the market by its shareholders. But it made such impressive profits last year due to rising fertiliser prices that potential buyers - including the giant OCP - prefer to wait for its valuation to fall back within their reach. [...] (604 words)
Issue dated 27/01/2022 Reading time 3 minutes
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