Omera Petroleum Ltd, a subsidiary of MJL Bangladesh PLC, is set to acquire Premier LP Gas Ltd (PLPG), which operates in the liquefied petroleum gas (LPG) market under the “Totalgaz Bangladesh” brand, stated in a report.
The announcement was made through a disclosure on the Dhaka Stock Exchange (DSE) website, confirming that an agreement has been signed by both parties. This move is expected to strengthen Omera’s LPG operations by leveraging PLPG’s existing infrastructure and its 1.6 million LPG cylinders.
The acquisition is expected to boost Omera’s revenue and improve profitability in the LPG business segment.
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