L’imad buys 35% of French seed cooperative LVS

L’imad, Abu Dhabi’s sovereign wealth fund, has acquired a 35 percent stake in Limagrain Vegetable Seeds (LVS), a division of French cooperative and seed group Limagrain.

The transaction was initially announced in June 2025 by ADQ, which was consolidated under L’imad in January. No financial details were released. Vilmorin & Cie, another subsidiary of Limagrain, will retain a 65 percent stake in LVS.

L’imad will have representation on the LVS board and contribute to the company’s strategic direction, Vilmorin & Cie said in a statement.

The transaction seeks to support LVS’s international expansion and investment in research and innovation. It will not result in any changes to the governance of the Limagrain Group, the cooperative, or Vilmorin & Cie, all of which retain their independence, the statement added.

LVS and Silal, an agriculture and technology company owned by L’imad, have founded a research partnership focused on desert-adapted vegetable genetics.

LVS reported revenues of €839 million ($956 million) in 2024-2025 and employs more than 4,000 people across 35 countries.

Abu Dhabi’s newest sovereign fund was created in January by consolidating the eight-year-old ADQ and its $263 billion in assets, 25 investment companies and platforms, and more than 250 group subsidiaries.

The wealth fund is chaired by Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the eldest son of UAE president Sheikh Mohammed.

It manages assets in the UAE and internationally in sectors such as infrastructure and real estate, financial services, technology, urban mobility and smart cities.

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