e Board of Directors ("the Board") of IBL Ltd ("IBL") wishes to inform its shareholders and the public in general that it is considering the acquisition of a majority stake in a leading medical & pharmaceutical distributor operating in East Africa. It is expected that the proposed acquisition shall be carried out by IBL Ltd with a financial co-investor.
is proposed acquisition ("Proposed Transaction") is in line with IBL's strategy to grow and expand its established business in East Africa and in the Life business.
e Proposed Transaction is subject to the final negotiation and signature of definitive agreements which shall be conditional on the fulfilment of certain conditions precedent, including the obtention of relevant regulatory and corporate approvals of the relevant parties to the Proposed Transaction and the satisfaction of all legal requirements.
is transaction is not considered to be a Notifiable Transaction under Chapter 13 of SEM's Listing Rules. Shareholders and investors are advised to exercise caution when dealing in the shares of IBL Ltd.
By order of the Board
IBL Management Ltd
Company Secretary
5 December 2022
is Cautionary Announcement 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 Cautionary Announcement.
BRN C07001778
IBLGROUP.COM
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IBL Ltd. published this content on 06 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 December 2022 05:11:03 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 
