Riveo Limited is pleased to announce that its ordinary shares will be officially listed and commence trading on the Official Market of the Stock Exchange of Mauritius (SEM) on Monday, 25 November 2024 marking the successful completion of the restructuring initiative by Sun Limited.
Riveo Limited was incorporated on 23 February 2024 and operates as an investment holding company dedicated to developing state of the art real estate projects in sustainable luxury hospitality. The company focuses on creating shareholder value of premium real estate assets, with its primary source of revenue generated from dividends received from its subsidiaries, which include globally recognised international luxury brands in Mauritius such as:
• Anahita Hotel Ltd, operating as Four Seasons Mauritius
• SRL Touessrok Hotel Ltd, operating as Shangri-La Le Touessrok
• Loisirs des Iles Ltée, operating the lease of Ile Aux Cerfs, including the golf and other leisure activities
These entities operate in the hospitality and leisure sectors, which form the core focus of Riveo Limited’s business activities.
On 25 October 2024, the Listing Executive Committee of the SEM has granted its approval for the admission of 174,364,026 MUR denominated ordinary shares of no par value of Riveo (the “Riveo Shares”) on the Official Market of the SEM by way of introduction.
On the first trading day, 1,000 ordinary shares of Riveo Limited will be available at an indicative price of MUR 24.65 per share. Investors will have the opportunity to participate in the growth of a company structured to focus on generating shareholder value through its portfolio of hospitality investments.
“The listing of Riveo Limited on the Stock Exchange of Mauritius reflects our commitment to delivering best-in-class value creation to our stakeholders. Our focus is on maximizing the value of iconic destinations like Four Seasons, Shangri-La Le Touessrok, and Ile aux Cerfs through sustainable practices. Riveo’s unique strength lies in the combination of International Luxury brands expertise and SUN’s pioneering local hospitality savoir-faire through its Sunlife brand”, said Francois Eynaud, CEO of SUN Ltd and Riveo Ltd.
About Riveo Limited
Riveo Limited, created through a Scheme of Arrangement under the restructuring of Sun Limited, represents a focused investment holding company in the hospitality sector. This restructuring initiative, approved by shareholders and validated by the Supreme Court of Mauritius, underscores our vision to enhance shareholder value. Our listing on the Stock Exchange of Mauritius is a significant step in advancing this strategy. The company’s subsidiaries include properties associated with well-established luxury brands, combining asset management and operational oversight to achieve consistent performance.
