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 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.
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 is a renowned, multifaceted Mauritian conglomerate.
Lagesse and his siblings own a 16.8-percent joint stake in IBL Group.
Lagesse and his siblings own a 16.8-percent joint stake in IBL Group, or 114,369,469 shares.
However, the Lagesse family remains one of Mauritius’ wealthiest, most powerful families.
The transaction highlights Naivas’ intrinsic value as Kenya’s largest supermarket chain.