LDC Bioenergia Files for IPO

LDC Bioenergia, the Brazilian subsidiary of French commodities group Louis Dreyfus, has filed with regulators for an IPO on the Bovespa. The São Paulo-based company, which operates seven mills in Brazil and is building an eighth, is executing a BRL1.4bn investment plan. Proceeds from the offering could be invested to expand the group’s mills, construct new plants or acquire other sugar and ethanol producers, LDC said in its filing. JPMorgan and Itaú BBA will lead the offering.