Comment
In July 2012, the merger of Flacq United Estates Limited (FUEL) into Deep River-Beau Champ Ltd (DRBC), formerly CIEL Agro-Industry, gave birth to a new multi-sector investment group, ALTEO Limited.
Deep River Investment (DRI), the main shareholder of the CIEL Group and GML Investissement (GMLI) were proponents of the merger and are now the two largest shareholders of Alteo Limited with 21% and 27.5% of its capital, the remaining shares being held by 3000 other shareholders of the public.