2003-2006 Three significant disinvestments

Three notable disinvestments have taken place since the FUEL/MEDINE de-merger, namely, Naïade Resorts (2003), Invescom (2005) and United Docks (2006).  In all three cases, it was felt that the funds raised from the sales would be better utilised, primarily to consolidate PAD’s investments in its core holdings, namely Médine, Caudan Development and Mauritius Freeport Development (MFD).