Vivo Energy plans listing
Issue 367
- 20 Apr 2018
| 1 minute read
Africa-focused fuel retailer Vivo Energy on 10 April announced plans for an initial public offering (IPO) in London and Johannesburg. Vivo Energy, which has Shell-branded retail operations in 15 countries across Africa, is owned 55% by Vitol and 44% by Helios Investment Partners. Management owns the remaining 1%. Under the IPO plans at least 25% of the company will be floated in May, in what the Financial Times described as the first significant listing of an African-based business since 2014, when Nigeria’s Seplat raised $500m in an IPO in London and Lagos.
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