IBL Group to offload stake in Mauritian bank to Access Holdings’ UK subsidiary
Mauritian conglomerate led by Arnaud Lagesse seeks to unlock value from early investment in regional bank.
Mauritian conglomerate led by Arnaud Lagesse seeks to unlock value from early investment in regional bank.
IBL Group sees record-breaking revenue of $2.2 billion under Mauritian businessman Arnaud Lagesse's leadership.
The Competition Authority of Kenya (CAK) confirmed the clearance on Wednesday, refraining from disclosing the financial details of the transaction.
Arnaud Lagesse, along with his siblings Benoit, Hugues, Jean-Pierre, Thierry, and Stephane Lagesse, collectively holds a substantial 16.8-percent joint stake in IBL Group.
From leading Mauritius’ largest conglomerate, IBL Group, to investments in Kenya’s retail sector through Naivas International.
The move signals IBL’s strategic commitment to the Kenyan market and its broader expansion into East Africa under the visionary leadership of Lagesse.
IBL Group, under the leadership of Lagesse, stands as a leading conglomerate and one of the largest groups in Mauritius.
Mambo Retail is an investment vehicle linked to IBL Group, a prominent Mauritius conglomerate led by Mauritian tycoon Arnaud Lagesse.
Arnaud Lagesse, alongside his siblings Benoit, Hugues, Jean-Pierre, Thierry, and Stephane Lagesse, holds a 16.8-percent joint stake in IBL.
The multimillionaire Mauritian Lagesse family owns a 16.8-percent joint stake in IBL Limited.
Lagesse is CEO of IBL Group, one of the largest conglomerates in Mauritius.
IBL Group is a global leader, with more than 200 brands in 19 countries.
IBL Group is a leading conglomerate with more than 200 brands.
Lagesse’s group is investing in solar kit provider Qotto.
The Lagesse family owns 16.8 percent of IBL Group.
IBL Group holds an ownership interest in Transmara Sugar Company.