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 more than 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
In 2024
At 31 December 2024, the net asset value per share was MUR 12.39/share and the investment portfolio was MUR 25.5 billion.
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 2024, the Peugeot Invest group (via its wholly owned subsidiary Peugeot Invest Assets) held 6.8% of the company’s capital.
Peugeot Invest Assets is party to a shareholder agreement. The value of the shareholding in the Net Asset Value and the consolidated financial statements is based on the share price at 31 December 2024.
Sébastien Coquard is a member of CIEL’s Board of Directors.