26th September 2025
EP
Omera Petroleum Ltd, a subsidiary of MJL Bangladesh PLC, is going to acquire Premier LP Gas Ltd (PLPG), a leading operator in the liquefied petroleum gas (LPG) market under the brand name "Totalgaz Bangladesh", for Tk 227 crore.
Omera will buy 99.995 percent of the shares of PLPG, and both have signed an agreement in this regard.
The acquisition is subject to regulatory approvals, according to a disclosure posted on the Dhaka Stock Exchange (DSE) website recently.
MJL Bangladesh said the move is expected to strengthen Omera's LPG operations by leveraging PLPG's existing infrastructure and its 1.6 million LPG cylinders.
"This is anticipated to boost revenue and improve profitability in the LPG business segment," it said.
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