Menu

About Us History

  •  

    2017

    CIEL Limited increases its stake to 88.48% in CIEL Textile Limited

  •  

    2017

    The Medical and Surgical Centre Limited ("MSCL") completes the acquisition of Wellkin Hospital.

  •  

    2016

    CIEL Healthcare Limited completes transaction of 22.81% stake in Nigeria’s leading private healthcare provider, Hygeia Nigeria Limited.

  •  

    2016

    Anahita Estates Ltd (part of Alteo) sealed a partnership with renowned architects, namely Jean-Michel Wilmotte and Alistair MacBeth, to develop exclusive villas on the northern parcel of Anahita.

  •  

    2016

    Tropic Knits opened a new factory in Coimbatore, India.

  •  

    2016

    The International Finance Corporation (IFC) and Proparco acquire minority shareholding in CIEL Healthcare Limited.

  •  

    2015

    Amethis Finance takes 24.9% shareholding in CIEL Finance

  •  

    2015

    CIEL Healthcare Limited increases its stake to 58.60% in The Medical and Surgical Centre Limited, The Company which owns Clinique Darné

  •  

    2015

    CIEL Healthcare Africa takes majority stake of 90.10% in International Medical Group - Uganda

  •  

    2015

    Sun Limited acquires 100% of Anahita Hotel Limited, owner of the Four Seasons Resorts Mauritius

  •  

    2015

    Optimisation of CIEL’s financial resources issue of MUR 1.05BN Notes programme at an average interest rate of 5.68%

  •  

    2015

    Alteo through Sucrière des Mascareignes Limited acquires 51% stake of Transmara Sugar Company Limited

  •  

    2014

    CIEL takes full control of Sun Limited (formerly known as Sun Resorts Limited) through a shareholding of 59.79% in the company

  •  

    2014

    Acquisition of controlling 51% stake in bank BNI Madagascar SA through investment in Indian Ocean Financial Holdings Ltd

  •  

    2014

    The Kibo Fund II first closing at USD 50M

  •  

    2014

    Successful private placement at CIEL Level to raise EUR 50M with FFP, ND Initiative, FIMALAC, Proparco and Private Investor

  •  

    2014

    CIEL increases its participation in Sun Resorts Ltd (SRL) with a shareholding of 39.32% in the company.

  •  

    2014

    Listing of CIEL Limited on the Official Market of the Mauritius Stock Exchange.

  •  

    2010

    CIEL Textile launches factories in Bangalore, India and Bangladesh.

  •  

    2009

    CIEL Investment increased its stake in
    Sun Resorts and becomes majority shareholder in FCD.

  •  

    2008

    Launch of The Kibo Fund LLC with a committed capital of €29m.

  •  

    2008

    Official Inauguration of Anahita World Class Sanctuary (Anahita The Resort and Four Seasons Resort Mauritius at Anahita) and Inauguration of the Vallée de Ferney, ecotouristic and conservation activities. 

  •  

    2007 - 2008

    Acquisition of First City Bank Ltd, now Bank One, in a joint venture with I&M Bank of Kenya.

  •  

    2007

    Launch of CIEL Investment’s first capital raising of a total of MUR 1.2bn.

  •  

    2005 - 2007

    CIEL Textile externalises its operations in India, China and Bangladesh.

  •  

    2005

    Incorporation of CIEL Capital Limited and launch of IPRO.

  •  

    2003

    Launch of IRS projects in Mauritius with Anahita and the start of eco-tourism with the Domaine de l’Etoile.

  •  

    2001

    New structure for Group CIEL : CIEL Textile Ltd, CIEL Agro-Industry Ltd and CIEL Investment Ltd.

  •  

    2000

    Acquisition of the sugar estate TPC Ltd in Tanzania, in partnership with the Groupe Quartier Français de l’Ile de la Réunion.

  •  

    1998

    Factory upgrading at DRBC Factory and launch of Powerplant Consolidated Energy Ltd.

  •  

    1996

    Consolidation of Floreal Knitwear's activities and launch of the Hong-Kong office. 

  •  

    1994

    Incorporation of Aquarelle Clothing Ltd and acquisition of Harris Wilson.

  •  

    1992

    Incorporation of Cirne Financial Services Limited (now Investment Professionals Ltd) and landmark year for Floreal Knitwear as the 2nd biggest worldwide producer of Woolmark pull-overs.

  •  

    1989

    Start of CIEL's international expansion with the creation of Floreal Madagascar.

  •  

    1978 - 1988

    Consolidation of CIEL Textile with various acquisitions.

  •  

    1972

    Start of diversification in textile with the acquisition of Floreal Knitwear.

  •  

    1970

    Acquisition of Ferney Sugar Estate and centralisation of operations in Deep River Beau Champ (DRBC).

  •  

    1912

    Acquisition of Deep River Sugar Estate Co Ltd which produces 2,200 tons of sugar yearly.

Close