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Engen fills up its tank with Vivo merger

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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.

 

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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
Fonte: News24 - 🏆 4. / 80 Consulte Mais informação »