e Board of Directors of IBL Ltd ("IBL" or the "Company") refers to its Cautionary Announcement dated 13 October 2022 relating to an acquisition of a significant stake in the share capital of a retail operator in Reunion Island subject to the execution of definitive transaction agreements and the fulfilment of certain conditions.
IBL now wishes to inform its shareholders and the public in general that, the above-mentioned conditions having been met, IBL has then proceeded with the completion of the contemplated transaction by subscribing indirectly to 51 % of the share capital of Make Distribution, the retail operator of 4 hypermarkets trading under the brand name of "Run Market" in Reunion Island.
By order of the Board
IBL Management Ltd
Company Secretary
11 August 2023
is Communique is issued pursuant to Listing Rule 11.3 and Rule 5 of the Securities (Disclosure Obligations of Reporting Issuers) Rules 2007.
e Board of Directors of IBL Ltd accepts full responsibility for the accuracy of the information contained in this Communique.
BRN C07001778
IBLGROUP.COM
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IBL Ltd. published this content on 11 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2023 06:29:03 UTC.
IBL Ltd is a diversified group organized around 7 areas of activity:
- mass retailing (32.4% of net sales): distribution of consumer products (food, wines and spirits, household goods, personal care products, stationery products, etc.), printing equipment and consumables, pharmaceuticals , medical equipment, chemicals and agrochemicals;
- agri-food (21%): production and processing of sugar cane, production and bottling of beverages, production and processing of fish, etc.;
- engineering and construction (20.6%): manufacturing of building materials, development of diesel and electro-diesel engine repair and maintenance solutions, engineering and construction services for construction and industry sectors, sales of industrial and agricultural machinery, rental, servicing and maintenance of building and handling equipment, ship construction and repair services, etc. ;
- hotel operation (14.8%);
- logistics and transport (4.5%);
- financial services (4.3%): banking, insurance, financing services, investment fund management, investment services, etc.;
- other (2.4%): property, pharmaceutical and cosmetic products research and development services, development of testing and certification solutions, etc.
Net sales break down geographically as follows: Mauritius (83.1%), Madagascar-Comoros-Seychelles-Reunion (7.9%), Maldives (3.9%), Europe (2.3%), the United States (0.1%) and other (2.7%).
IBL LTD 
