(AOF) – CBo Territoria has signed an agreement with Ilop Réunion, represented by Stéphane André, aimed at the acquisition by the latter of 40% of the group’s Outdoor activities, of which he has been Director since 2007. Stéphane André is the founder of Ilop Réunion, events and communication company, in charge of communication for the Grand Raid.
“The group renews its confidence in Stéphane André, who has already been in charge of the three structures for many years and is counting on his entry into the capital via his company ILOP Réunion, to contribute even more actively to the development of these activities, which in 2021 represented a turnover of €3.5 million business,” said Eric Wuillai, CEO of CBo Territoria.
Previously fully consolidated, the Outdoor division will be accounted for using the equity method in the June 30, 2022 accounts with effect from January 1, 2022, following the sale of 40% of the shares of the three operating companies to the SARL Ilop Reunion.
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