CIEL
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 38,000 employees.
The group has been listed on the Official Market of the Stock Exchange of Mauritius since January 2014.
- Stake in CIEL
- 6.8 %
- Investment date
- 2014
Peugeot Invest's investment
In 2014, Peugeot Invest subscribed to the CIEL group’s reserved rights issue 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 2022, Peugeot Invest (via its wholly owned subsidiary Peugeot Invest Assets) held 6.8% of CIEL.
Peugeot Invest Assets 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 2022.
Sébastien Coquard is a member of CIEL’s Board of Directors.
In 2022
Net Asset Value per share rose in 2022 and the investment portfolio was worth MUR21,196 million at 31 December 2022.