Shun Shing Edible Oil merges with local company

Shun Shing Edible Oil merges with local company

Shun Shing Edible Oil Ltd (SSEOL) has finally merged with Bangladesh Edible Oil Ltd (BEOL), giving a higher edge to the BEOL to operate in the country cooking oil market of around 30 lakh tonnes.
In an announcement on July 4, the BEOL, a foreign-owned joint venture between Wilmar International Limited of Singapore and Adani Group of India, said all businesses and operations of SSEOL have been transferred to BEOL as a result of the merger as of June 3, 2024.
BEOL is one of the major players in Bangladesh edible oil market with 11 companies operating.
And four companies—TK Group, City Group, S Alam Group and Meghna Group—control most of the market, roughly 90 percent of which is imported based.