Vivo Energy

Source: Wikipedia, the free encyclopedia.
This article is about the downstream petroleum company. For other uses, see Vivo (disambiguation).

Vivo Energy plc
Increase US$ 312 million (2021)[1]
Increase US$ 152 million (2021)[1]
OwnerVitol Group
Number of employees
2,700 (2022)[2]
WebsiteVivo Energy

Vivo Energy is a British downstream

Johannesburg Stock Exchange and was a constituent of the FTSE 250 Index
and of the JSE All Share Index until it was acquired by Vitol Group in July 2022.

History

Vivo Energy was established in 2011, as a partnership between

commodity trading company, and Helios Investment Partners, a United Kingdom-based private equity firm, with the objective to purchase majority shares in the downstream fuels business of Shell in Africa for approximately $1 billion.[3]

Cape Verde, Senegal, Madagascar, Mali, Mauritius, Morocco, Tunisia joined Vivo Energy in December 2011. They were followed by Burkina Faso, Côte d'Ivoire, Guinea in February 2012;[4] Botswana and Namibia in October 2012;[5] Kenya in November 2012;[6] Uganda in February 2013,[7] Ghana in August 2013[8] and Mozambique in August 2013.[9]

Vivo Energy had its

Johannesburg Stock Exchange.[11] This IPO was the largest in the LSE in 2018 and saw the founding shareholders, Vitol and Helios, raise GBP 548 million.[12]

Until spring 2019 Vivo Energy was a

Shell licensee operating in 16 African markets: Botswana, Burkina Faso, Cape Verde, Ghana, Guinea, Ivory Coast, Kenya, Madagascar, Mali, Mauritius, Morocco, Mozambique, Namibia, Senegal, Tunisia and Uganda.[13] However, in March 2019, Vivo Energy completed a transaction with Engen Petroleum, adding eight new countries and 230 Engen-branded service stations to its network. The new markets for Vivo Energy were Gabon, Malawi, Mozambique, Réunion, Rwanda, Tanzania, Zambia and Zimbabwe; accordingly Vivo operates in 23 countries.[14]

In July 2022, Vitol Group secured approval from the relevant regulatory and anti-trust bodies to acquire the company.[15]

Operations

As of 31 December 2021, the company operates 2,463 service stations across its markets.[1]

References

  1. ^ a b c d "Prelimary Results 2021" (PDF). Vivo Energy. Retrieved 2 March 2022.
  2. ^ "Where we operate". Vivo Energy. Retrieved 17 February 2022.
  3. Reuters.com
    . Retrieved 30 October 2017.
  4. ^ Vitol (29 February 2012). "Vivo Energy – 2nd phase of Africa transaction completes". Geneva: Vitol. Retrieved 30 October 2017.
  5. ^ Seitshiro, Kabelo (22 October 2012). "Shell Botswana Gets New Corporate Brand". The Sunday Standard. Gaborone. Retrieved 30 October 2017.
  6. The East African
    . Nairobi. Retrieved 30 October 2017.
  7. ^ Senelwa, Kennedy (16 February 2013). "Vivo takes over from Shell in Uganda". Daily Nation. Nairobi. Retrieved 30 October 2017.
  8. ^ Ghana Trade Ministry (August 2013). "Vivo Energy Ghana Takes Over From Shell Ghana". Ghanatrade.gov.gh (Ghana Trade Ministry). Retrieved 30 October 2017.
  9. ^ "Vivo Energy Mozambique". African Intelligence. 27 September 2013. Retrieved 7 September 2018.
  10. ^ "Vivo Energy plc - IPO Prospectus" (PDF). Vivo Energy plc. 4 May 2018. Retrieved 9 September 2018.
  11. ^ "Vivo Energy closes biggest Africa-focused IPO in a decade". FT. 3 May 2018. Retrieved 7 September 2018.
  12. ^ "Vivo Energy - largest UK-listed African IPO in over a decade". LSEG. 4 May 2018. Retrieved 9 September 2018.
  13. ^ Ngugi, Brian (27 April 2017). "Shell completes sale of Africa retail business to Vivo Energy". Business Daily Africa. Nairobi. Retrieved 30 October 2017.
  14. ^ "Vivo Energy completes Engen deal". The Herald. 14 October 2020.
  15. ^ "Vitol Group completes takeover of Vivo Energy PLC". Fuel and Lubricants. 11 July 2022. Retrieved 19 July 2022.

External links

Retrieved from "https://en.wikipedia.org/w/index.php?title=Vivo_Energy&oldid=1118121711"