Vitol and Helios complete acquisition of Vivo Energy
Published by Callum O'Reilly,
Senior Editor
Hydrocarbon Engineering,
Further to the acquisition of Shell’s 20% shareholding in Vivo Energy by Vitol Africa B.V., Helios Investment Partners, acting on behalf of the funds to which it is advisor, and Vitol own 100% of Vivo Energy.
Vivo Energy was created by Helios, Vitol and Shell in 2011 when Shell divested its majority share in its downstream operations in 14 African markets.
Since then, its shareholders have made significant investments in people and assets, expanding the retail network from 1300 to over 1780 stations. It is now present in 16 countries and has enhanced its industry-leading operational and safety performance.
Vivo Energy will continue to operate under the Shell brand.
Read the article online at: https://www.hydrocarbonengineering.com/refining/27042017/vitol-and-helios-complete-acquisition-of-vivo-energy/
You might also like
Hydrocarbon Engineering Podcast
Peter Davidson, CEO of the Tank Storage Association (TSA), joins us to discuss the essential role that the tank storage sector has to play in ensuring supply security and resilience, as well as in facilitating the energy transition.
US propane exports increase yearly since 2007
The US Energy information Administration has revealed that US propane exports have increased every year since 2007.
