The CIEL group is a family-owned conglomerate, listed in Mauritius and also operating in Asia and Africa. Since it began its operations in the sugar industry in 1912, the group has diversified into textiles, hospitality, healthcare and finance. It currently has 27,000 employees. The group has been listed on the Official Market of the Stock Exchange of Mauritius since January 2014.
NAV per share rose 14% in 2015.
In 2014, FFP subscribed to the reserved rights issue of the CIEL group for €16 million, and holds a 7.6% stake in the company. The capital increase will enable the group to fund its development in the Indian Ocean and Africa.
At 31 December 2015, the FFP group (via its wholly owned FFP INVEST subsidiary) held a 7.6% equity interest.
FFP INVEST has signed a shareholders agreement .
The value of the shareholding, for the purposes of Net Asset Value and the consolidated financial statements, is based on the share price at 31 December 2015.
Sébastien Coquard is a member of CIEL’s Board of Directors.
Last update : 2015 December 31th