Electricité et Eaux de Madagascar: Definitive Judicial Victory in Cambodia
Electricité et Eaux de Madagascar group announces that the Siem Reap court in Cambodia has confirmed the definitive dismissal of a $9.2 million claim against its subsidiary, Victoria Angkor Company Limited.
Final Judgment Confirmed
According to the group's statement, the Siem Reap provincial court of first instance confirmed on January 12, 2026, the definitive nature of the judgment issued on October 2, 2025. This decision comes in the absence of any appeal against the initial judgment. The claim involved an amount of $9,236,000 and targeted the group's Cambodian subsidiary, Victoria Angkor Company Limited. The company has described this claim as frivolous.
Background of the Claim
The claim was initially filed in May 2024 by Pierre Ader and Bernard Gauthier against Victoria Angkor Company Limited. The plaintiffs based their allegations on dividends they claimed were unpaid. The court dismissed this claim in its October 2025 judgment, which has now become final according to the January 2026 decision.
Company Profile
Electricité et Eaux de Madagascar is a diversified financial holding company with interests in hospitality and real estate. The company is listed on the regulated market of Euronext Paris. The group also holds 96.66% of the shares in Société Anonyme Immobilière Parisienne de la Perle et des Pierres Précieuses, which are listed on Euronext Access Paris.
