Vivo Energy buys Engen assets in ten countries
Issue 360 - 21 Dec 2017
Engen Holdings is selling assets in ten countries outside South Africa to Vivo Energy Holding in a share transaction whose value was not disclosed. The deal will add nine new countries and more than 300 Engen-branded service stations to the Vivo 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 Democratic Republic of Congo, Zimbabwe, Réunion, Zambia, Gabon, Rwanda, Mozambique, Tanzania and Malawi.
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