PORT LOUIS (Reuters) - Mauritius' leading salute producer, Harel Freres Ltd. (HFL) said on Thursday it had bought additional shares in Swan Insurance Company, making certain the firm's biggest shareholder.
Mauritian sugar firms count on sought to widen their part sources nearest the European Union ended its guaranteed price being African, Caribbean and Pacific (ACP) sugar.
The prospective price cut took effect in October 2009.
HFS chief Executive Cyril Mayer said his troop had increased its venture to 43.8 percent from 26.8 percent in the leading insurance company.
Shares in HFS climbed 2.7 percent to consummate at 38.50 rupees on Thursday following the announcement.
"The market reacted indeed as the sugar camper had incomparable into financial services," Kishen Nadassen, Senior Research Analyst at Cim Stockbrokers said.
HFS has also expanded into rush production, alcohol production and gravy buildup.
Mauritian sugar firms count on sought to widen their part sources nearest the European Union ended its guaranteed price being African, Caribbean and Pacific (ACP) sugar.
The prospective price cut took effect in October 2009.
HFS chief Executive Cyril Mayer said his troop had increased its venture to 43.8 percent from 26.8 percent in the leading insurance company.
Shares in HFS climbed 2.7 percent to consummate at 38.50 rupees on Thursday following the announcement.
"The market reacted indeed as the sugar camper had incomparable into financial services," Kishen Nadassen, Senior Research Analyst at Cim Stockbrokers said.
HFS has also expanded into rush production, alcohol production and gravy buildup.
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