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Vivo Energy adds 300 sites in Africa from Engen

Vivo Energy's retail service station network to expand from 15 to 24 countries in Africa, adding over 300 service stations, through a transaction with Engen.



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Vivo Energy has today agreed to enter into a share transaction with Engen Limitedto purchase  shares in Engen International Holdings Limited for the exchange of a shareholding in Vivo Energy, with a possible cash element.

Through this transaction nine new countries and over 300 Engen-branded service stations will be added to Vivo Energy's network, taking Vivo Energy's total presence to over 2,100 service stations, across 24 African markets.

The new markets for Vivo Energy included in the transaction are DR Congo, Zimbabwe, Réunion, Zambia, Gabon, Rwanda, Mozambique, Tanzania and Malawi.  Engen's Kenya operations (where Vivo Energy already operates) are also part of this transaction.

“In our first six years our shareholders have invested to grow Vivo Energy, increasing our network from around 1,300 to over 1,800 service stations and adding over 400 new and refurbished shops and quick service restaurant offers,” says Christian Chammas, CEO, Vivo Energy.

With a vision to become one of Africa's leading energy business Vivo Energy, the company that distributes and markets Shell-branded fuels and lubricants, was established in 2011.

"Africa is a very important part of our business and we are committed to continuing to invest across the continent,” said Ian Taylor, Chairman and CEO of Vitol.

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