News Formal

Engen fills up its tank with Vivo merger

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Business News News

Amalgamating African operations with UK-based Vivo Energy will create huge energy distribution company

Engen is set to become a much larger regional energy player as it announced plans to merge its African operations with those of UK-based Vivo Energy to create one of the continent’s largest energy distribution companies.

Oil and gas companies have been in a strong position over the past year, boosted by rocketing fuel prices driven by supply chain disruptions as a result of the Covid-19 pandemic and the Russia-Ukraine war...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Engen to get new international owner | BusinessMalaysia's national oil company Petronas has agreed to sell its 74% stake in Engen to Vivo Energy, which is owned by the Swiss-headquartered commodities trader Vitol. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »