Investment presentation
www.lda.fr

Activity

FFP formed a partnership with the family-owned Louis Dreyfus Armateurs (LDA) group to found LDAP. LDA is a French maritime group that has been operating for more than 160 years in carrying dry bulk by sea and in providing maritime industrial services. LDAP, a company in which the FFP group holds a 45% stake (via its wholly owned FFP Invest subsidiary), has purchased 5 new Handysize freighters. They are of B-Delta 40 design, an innovative, fuel-efficient model. Most of the vessels were delivered in the second half of 2015. This fleet is managed by LDA, which is in charge of its fit-out and commercial operation.

FFP's Investment

At 31 December 2017, the FFP group (via its wholly owned FFP Invest subsidiary) held a 45% equity interest.

FFP has invested a total of $24 million. FFP Invest is party to a shareholder agreement.

The value of LDAP for the purpose of Net Asset Value was estimated using FFP’s policies for valuing unlisted assets. LDAP is accounted for under the equity method in the consolidated financial statements.

FFP Invest, represented by Bertrand Finet and Sophie Vernier-Reiffers, is a member of LDAP’s Executive Committee.

 

Last update : 2017 December 31st