Vivo and Engen Edge Towards Deal Closure

Wednesday, September 19, 2018

The acquisition of a network of Engen petrol stations by Vivo Energy is moving closer to closure. The deal, first announced in early-December, is expected to close in Q1 2019.

The deal includes Engen stations in nine African nations, excluding the DRC. According to Vivo talks were ongoing between the companies and DRC’s government and that any purchase of Engen stations in DRC would be a separate transaction.

Vivo Energy CEO Christian Chammas said nine countries had come on board, allowing the deal to be fast-tracked.

The deal includes Engen’s network of filling stations in Zimbabwe, Reunion, Zambia, Gabon, Rwanda, Mozambique, Tanzania, Kenya and Malawi.

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