Industrial conglomerate Bhunjun Group has acquired the Engen operations from Vivo Energy, following a Competition Commission of Mauritius decision that the wider, pan-African Vivo-Engen merger “could impact market competition” in Mauritius
On completion of the transaction, Bhunjun Group – through its subsidiary Beta Oil Terminal Ltd – will enter the downstream retail fuel market, taking over 37 service stations and Engen’s commercial business across Mauritius.
In May 2024, Vivo Energy completed the purchase of Engen Limited from Petronas, which included the Engen Mauritius business. However, as part of the regulatory process, the Competition Commission of Mauritius (CCM) determined that the combination of Vivo Energy and Engen in Mauritius could impact market competition.
"We are excited to enter the retail fuel market in Mauritius through this acquisition. Our extensive experience in petroleum shipping has prepared us well for this opportunity, and we look forward to building on Engen's strong presence in the market,” said Veekram Bhunjun, CEO of the Bhunjun Group.
The Bhunjun Group, with its extensive experience in global petroleum shipping, was selected as the preferred buyer from a competitive field of bidders.
Vivo Energy sells Engen Mauritius subsidiary | African Energy
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