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Mauritius Lux Drop for a Third Day; Heads for 18-Month Low

Feb. 29 (Bloomberg) -- Lux Island Resorts Ltd., Mauritius’s third biggest hotel operator by market value, declined for a third straight day, heading for its lowest level in 18 months.

The stock dropped 4.1 percent, the biggest intraday fall since Feb. 15, to 21 rupees by 1:05 p.m., in Port Louis, the capital, set for its lowest price since September 2010, according to data compiled by Bloomberg.

To contact the reporter on this story: Kamlesh Bhuckory in Port Louis at kbhuckory@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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