The Mauritian Lagesse family and the Dalais family both control a portion of Alteo Limited through related entities.
The transaction highlights Naivas' intrinsic value as Kenya's largest supermarket chain.
The Mauritius-based conglomerate recorded a triple-digit increase in profit in the first half of its 2022 fiscal year.
Lux Resorts is a leading luxury hotel operator with properties and operations in Mauritius, the Maldives, China, France and Vietnam.
