MCB Group advises Beta Oil Terminal Ltd on the acquisition of Engen Mauritius

MCB Group is pleased to announce that it acted as exclusive Financial Adviser and financing partner to Beta Oil Terminal Ltd (“Beta Oil”), a subsidiary of Bhunjun Group, on its acquisition of Engen Petroleum (Mauritius) Limited. The transaction, which has received final regulatory approval, marks a significant milestone in the Mauritian energy sector.

MCB Capital Markets, the investment banking arm of MCB Group, acted as exclusive Financial Adviser on the transaction while MCB Bank, the Group’s corporate banking arm, provided debt financing for part of the acquisition. Drawing upon its strong balance sheet and long-standing relationship with the Bhunjun Group, MCB delivered a tailored and integrated solution to support the successful completion of the deal.

This transaction underscores MCB Group’s ability to provide end-to-end advisory and financing solutions, reinforcing its position as a trusted partner for strategic and transformative transactions in Mauritius and the region.

This milestone represents a landmark development in the Mauritian downstream petroleum sector, making Bhunjun Group the first Mauritian-owned group to acquire and operate a nationwide petroleum distribution and service station network.

Following completion, Beta Oil owns 100% of the shares of Engen Mauritius, which comprises a network of 37 service stations and the associated storage, distribution and operational infrastructure. The acquisition marks Bhunjun Group’s strategic entry into the retail distribution of petroleum products in Mauritius, building on its established expertise in petroleum logistics and supply-chain management.

The transaction ensures the continuity of operations, with the existing operational management team, employees, commercial arrangements, dealer agreements and supply contracts all remaining in place.