CCA conditionally approves Engen Botswana takeover

Tuesday, September 15, 2026 | 70 Views |

The Competition and Consumer Authority (CCA) has conditionally approved the proposed acquisition of a 70% majority stake in Engen Botswana Limited by Fusion Spark Proprietary Limited, a consortium led by retail and business magnate Ramachandran Ottapathu.

The authority said its conditions are intended to safeguard employment, protect independent dealer and franchise arrangements, and promote citizen economic empowerment.

As part of the conditions attached to the approval, Ajantha, which holds a 75% shareholding in Reddy Group, is required to divest its entire interest in the group before the transaction can be implemented. Ottapathu has an interest in Ajantha, which in turn has an interest in 67 retail station sites through its 75% stake in Reddy Group.

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