Beau Vallon of Mauritius buys rival Union Sugar Estates

11 years, 3 months ago - May 03, 2011
Union has interests from sugar plantations to property and tourism

Compagnie de Beau Vallon Ltd., a sugar-cane producer in Mauritius, has bought rival Union Sugar Estates Co., l’Express reported, citing an unidentified person involved in the transaction.

Union, which has interests from sugar plantations to property and tourism, has a value of about 840 million rupees ($30.7 million) based on its net asset value per share, according to the Port Louis-based newspaper.

Thierry Merven, a manager for Compagnie de Beau Vallon, wasn’t available to comment when Bloomberg News called his office in Saint Hubert, in the southern part of Mauritius. Union Sugar manager Denis Lavoipierre didn’t return calls to his office in Riviere des Anguilles.

 

Text by Bloomberg

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