The ENL and Rogers groups release a cautionary announcement on the possible amalgamation of their holdings

Further to a meeting held on Thursday 14 November, the Boards of Directors of ENL Limited and Rogers and Company Limited have decided to evaluate the merits of restructuring and amalgamating the holdings of both groups. As a reminder, ENL holds a 60% majority stake in Rogers.

In this context, the services of Ernst & Young for the transactional matters, ENSafrica(Mauritius) for the legal aspects, and PricewaterhouseCoopers Ltd as external valuer, have been retained.

Gilbert Espitalier-Noël, Group CEO of ENL and Philippe Espitalier-Noël, CEO of Rogers share more about this important announcement in a video message addressed to the groups’ team members.

Watch the video to learn more.