Vivo Energy and Engen merge – Latest news

Engen and Vivo Energy announced the completion of a transaction combining the respective businesses, with Petronas on Tuesday selling its 74% stake in Engen to Vivo Energy, creating a pan-African champion.

The partnership will bring together two powerful companies, who will use their collective resources and expertise to promote growth and success in the region.

In a joint statement to the media, Vivo Energy Group Chief Executive Officer (CEO) Stan Mittelman and Engen CEO and CEO Seelan Naidoo said: “We are delighted to conclude the transaction and will now work together to obtain Engen’s ‘best of both’. and Vivo Energy, well positioning the combined organization for growth and success in the years ahead.”

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