Mauritius is witnessing a landmark restructuring of two of its most influential conglomerates—ENL Limited and Rogers & Company Limited. 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. With a clearer group structure and unified leadership, the move aims to unlock new growth avenues locally and across the region. Gilbert Espitalier-Noël will serve as Group CEO for both NewENLRogers and ENL post-Scheme, while Philippe Espitalier-Noël will oversee Finance, Hospitality & Travel, Logistics, and sustainable development divisions. This bold corporate evolution reflects a strategic shift towards greater efficiency, collaboration, and long-term value creation.
For over 50 years, ENL and Rogers have played key roles in the Mauritian economy, working together while maintaining separate operational identities. Over time, the complexity of their intertwined investments and management became a challenge, prompting the need for a bold, future-ready restructuring.
ENL and Rogers are merging their operational activities and investments into a single, unified group—NewENLRogers. This new entity will be officially rebranded in the coming weeks.
NewENLRogers will consolidate all operations, including major stakes in Eclosia (agribusiness and food), New Mauritius Hotels (hospitality), and Swan (insurance and financial services).
The new entity will be listed on the Stock Exchange of Mauritius at Rs 41.50 per share, representing a 30% discount to its net asset value (Rs 59.66 per share).
ENL post-Scheme will retain 13,300 arpents of agricultural land (primarily in Moka and Savannah) and a 25.38% stake in Société Helicophanta. It will be listed at a nominal Re 0.01 per share, with a net asset value of Rs 40.17 per share.
The creation of NewENLRogers is expected to reshape Mauritius’ business landscape by setting a precedent for large-scale corporate consolidation. As the group aims for regional expansion and operational efficiency, this move could encourage other conglomerates to streamline their structures as well. For the broader economy, this restructuring may stimulate investment flows, attract international interest, and create a more competitive environment—especially beneficial for local entrepreneurs and SMEs looking to collaborate with a unified, forward-looking corporate entity—and those seeking inspiration can explore our guide on 15 Small Business Ideas in Mauritius for 2025.
This restructuring is designed to:
1. Simplifier a complex group structure, making the organization more agile and responsive.
2. Unlock synergies by integrating management and boards, fostering cost savings and a unified corporate culture.
3. Drive growth through ambitious regional expansion and more effective decision-making.
1. Opportunities for partnership: A more agile and unified group could open doors for local suppliers, service providers, and innovative startups.
2. Potential for investment: The discounted listing price may present attractive entry points for investors.
3. Market influence: As the group expands regionally, local businesses may benefit from increased exposure and collaboration.
4. Access to networks – SMEs may gain exposure through supply chains, innovation hubs, or group-led development programs.
. 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.
This transformation presents a window of opportunity for local businesses to engage with a more dynamic, regionally ambitious group. Entrepreneurs should stay alert for procurement opportunities, strategic partnerships, and new investment windows. Mauritius Business Resource will continue to provide insights as the story develops—follow us for timely updates.
FR 
EN