Its purpose was to exploit the resources of the French colonies and compete with the powerful Dutch and English companies.
Louis XIV had ambitions to develop his new colony of New France.
Spearheaded by Minister of Finance Jean-Baptiste Colbert, the letters patent creating the Compagnie de l'Occident were issued in May 1664.
All property rights in French possessions in North and South America, and also the west coast of Africa, were vested in the company.
You can help Wikipedia by expanding it.This international trade related article is a stub.