Investment presentation CIEL
http://www.cielgroup.com

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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 was stable in 2016 and the investment portfolio was worth MUR13,779 million at 31 December 2016.

FFP's Investment

In 2014, FFP subscribed to the reserved rights issue of the CIEL group for €16 million, giving it a 7.6% stake in the company. The capital increase was intended to fund the group’s development in the Indian Ocean and Africa.

At 31 December 2016, the FFP group (via its wholly owned FFP INVEST subsidiary) held a 7.5% equity interest.

FFP INVEST is party to a shareholder 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 2016.

Sébastien Coquard is a member of CIEL’s Board of Directors.

Last update : 2016 December 31st