Omera to acquire Totalgaz Bangladesh for Tk 227cr

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 yesterday.

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.

MJL Bangladesh said the move is expected to strengthen Omera's LPG operations by leveraging Premier LP Gas'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.

As of August 31, 2025, shareholding data from the DSE show sponsors and directors held 71.52 percent of shares, institutions 20.79 percent, foreign investors 1.96 percent, and the general public 5.73 percent.

MJL Bangladesh traces its roots to 1998, when Mobil Corporation, later ExxonMobil, partnered with the state-run Jamuna Oil to establish Mobil Jamuna Lubricants. The company now operates as MJL Bangladesh PLC.