Traded as SEM: ENL Founded 1821 | Predecessor Espitalier Noël Ltd Founder Martial Henri Noël | |
Type Limited liability company Headquarters ENL House, Vivea Business Park, Moka, Mauritius | ||
ENL is a broad-based conglomerate with interests in most sectors of the Mauritius economy listed on the Stock Exchange of Mauritius.
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ENL companies generated Rs 12.2 billion (Around US$330 million) in turnover during financial year ended June 2015 and directly employed more than 6800 people.
History
The group traces its beginnings in 1821 when Martial Henri Noël buys 100 acres of agricultural land from his siblings. In 1827, he purchases an additional 220 acres and builds the Mon Desert sugar factory.
In 1882, the Noël family invests in the Savannah sugar estate in the south of the island, giving them access to another 2000 acres of land.
Espitalier-Noël Ltd is incorporated in 1944 as a holding company to administer its two sugar estates. In 1966, it participates in the creation of the Food and Allied Group (of which ENL Investment still holds 49%).
In 1969, Espitalier Noel Ltd creates the General Investment and Development Company Ltd (GIDC - Now ENL Commercial) to invest in non-sugar related activities.
The company's predecessors (Savannah and Mon Desert Alma sugar estates and GIDC) are among the first companies listed on the newly created Mauritius Stock Exchange in 1989.
Bagatelle Mall of Mauritius
The Bagatelle Mall is a commercial center inaugurated in 2011 developed and operated by ENL Property in partnership with South Africa's Atterbury Investment Group.
The first phase (of the planned three) stretches over 42,000 square metres and needed an investment of MUR 3.1 billion (approx. US$85 million in 2015). It includes over 140 shopping outlets, a food court and restaurants, cinemas and a hotel.
An extension of 9,000 square metres, developed at a cost of MUR 500 million (approx. US$13 million in 2015), was opened in 2015