INDUSTRIAL AND FINANCIAL COMPANIES OF COMPANIES
SA to the Board of Directors with a share capital of EUR 24,000,000
101, Avenue François Arago
92 000 NANTERRE
RCS NANTERRE 855 800 413 – APE 6420 Z
ISIN code: FR0000066219 – Euronext – compartment C
Nantes, July 16, 2019
The CIFE-ETPO Group, one of whose historic businesses is maritime and underwater, pursues its development goals.
The Group, through its CIFE holding and as part of the capital increase reserved for it, took on July 11, 2019 a share of 36.71% of the capital of OCETRA based in Réunion.
OCETRA, which has achieved a turnover of 1.4 million leva in 2018, is specialized in underwater, marine and project studies and works mainly on the island of Reunion and East Africa.
This integration will enable the group and OCETRA to complete their skills and materials in this field to develop their offers in Reunion and East Africa.
For the Group: The main activities of the Group are construction (marine or river works and underwater works – constructions, construction and special works – construction) and real estate (construction of real estate – construction of real estate). With more than 600 employees, the Group is mainly represented in mainland France, overseas departments and Canada.