Mauritius is witnessing a landmark restructuring of two of its most influential conglomerates— ENL Group and Rogers Group. Provisionally named NewENLRogers, this formation of the new entity marks a pivotal moment for the island’s economy, promising streamlined operations, enhanced agility, and fresh opportunities for entrepreneurs and SMEs.
For over 50 years, ENL and Rogers have built extensive portfolios, spanning multiple industries. However, such complexity can sometimes delay operational efficiency and strategic agility. The restructuring aims to:
The reorganisation creates two separate, publicly listed entities, each with a distinct focus:
| Entity | Core Assets & Focus | Shareholder Structure (Post-Scheme) |
|---|---|---|
| ENL post-Scheme | 13,300 arpents of agricultural land, 25% stake in Société Helicophanta | 95.3% ENL shareholders, 4.7% Rogers minority |
| NewENLRogers | All other operations and investments of ENL and Rogers: real estate, hospitality, logistics, finance | 75.5% ENL shareholders, 24.5% Rogers minority |
ENL post-Scheme is now concentrated on land management and long-term value creation. With a significant land portfolio and a strategic investment in Société Helicophanta, it offers stability and potential capital appreciation.
NewENLRogers consolidates the operational strengths of both groups, encompassing high-performing sectors including major stakes in Eclosia (agribusiness and food), New Mauritius Hotels (hospitality), and Swan (insurance and financial services) and also hospitality, logistics, finance, and technology. This diversification positions the entity for robust growth and greater resilience.
Both companies will undergo a rebranding exercise to build on the strong legacy and brand value of the former ENL and Rogers groups. With a simpler group structure and one leadership team, the goal is to create new growth opportunities in Mauritius and the region.
This major change is designed to make the companies more efficient, encourage teamwork, and build long-term value.
Shareholders will see their holdings restructured as follows:
These ratios have been independently validated by PwC, ensuring fairness and transparency in the process.
For entrepreneurs and SMEs, this restructuring signals a more dynamic and competitive environment, with increased opportunities for partnerships, supply chain integration, and regional collaboration. The focus on scalable businesses, digital innovation, and regional expansion aligns with Mauritius’ vision as a business and investment hub. Check out our list of 15 Mauritius Small Business Ideas for 2025 if you’re looking for some inspiration.
While the restructuring primarily targets group-level efficiency, it also carries implications for the wider business community:
• ENL post-Scheme will be listed on 1 July 2025.
• NewENLRogers will make its debut on the Stock Exchange of Mauritius on 9 July 2025.
• Official rebranding for both entities is expected in the coming weeks.
The ENL and Rogers restructuring marks a pivotal moment for Mauritius’ business landscape. By streamlining operations and sharpening strategic focus, both entities are poised for sustainable growth and enhanced value creation. For SMEs and entrepreneurs, these changes may open new avenues for collaboration and innovation within a more dynamic corporate environment.
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