FRANCE - AXA Private Equity and Jaccar invest in ship builder
AXA Private Equity and Jaccar have each taken a 40% stake in Piriou, while the company's management retain the balance.
Founded in 1964, Piriou designs of offshore rigs, fishing boats and tug boats, builds ships in France, Mauritius and Nigeria, and provides maintenance services for ships under 100 metres length. The company employs 500 staff and generated a 2005 turnover of EUR 76m.
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