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| industry = [[Oil and gas industry|Oil and gas]]
| industry = [[Oil and gas industry|Oil and gas]]
| services = [[Filling station|Fuel stations]]
| services = [[Filling station|Fuel stations]]
| revenue ={{increase}} [[US dollar|US$]] 8,458 million (2021)<ref name=financestatement>{{cite web|publisher=Vivo Energy|title=Prelimary Results 2021|url=https://investors.vivoenergy.com/~/media/Files/V/Vivo-Energy-IR/reports-and-presentations/2022/2021-full-year-results-announcement.pdf|access-date=2 March 2022}}</ref>
| revenue = {{increase}} [[US dollar|US$]] 8,458 million (2021)<ref name=financestatement>{{cite web|publisher=Vivo Energy|title=Preliminary Results 2021|url=https://investors.vivoenergy.com/~/media/Files/V/Vivo-Energy-IR/reports-and-presentations/2022/2021-full-year-results-announcement.pdf|access-date=2 March 2022}}</ref>
| operating_income ={{increase}} US$ 312 million (2021)<ref name=financestatement/>
| operating_income = {{increase}} US$ 312 million (2021)<ref name=financestatement/>
| net_income ={{increase}} US$ 152 million (2021)<ref name=financestatement/>
| net_income = {{increase}} US$ 152 million (2021)<ref name=financestatement/>
| assets =
| assets =
| equity =
| equity =
| owner = [[Vitol|Vitol Group]]
| num_employees =2,700 (2022)<ref>{{cite web|publisher=Vivo Energy|title=Where we operate|url=https://www.vivoenergy.com/|access-date=17 February 2022}}</ref>
| num_employees = 2,700 (2022)<ref>{{cite web|publisher=Vivo Energy|title=Where we operate|url=https://www.vivoenergy.com/|access-date=17 February 2022}}</ref>
| homepage = [http://www.vivoenergy.com/ Vivo Energy]
| homepage = [http://www.vivoenergy.com/ Vivo Energy]
}}
}}


'''Vivo Energy plc''', commonly referred to as '''Vivo Energy''', is a British downstream [[oil company|petroleum company]] with its headquarters in London. It maintains subsidiaries and operations in 23 countries across [[Africa]] that encompass the supply, storage, distribution, and retail of a range of petroleum products. Vivo Energy is a [[Royal Dutch Shell|Shell]] and [[Engen Petroleum]] licensee and sources, distributes, markets and supplies fuels and lubricants. It was listed on the [[London Stock Exchange]] and the [[Johannesburg Stock Exchange]] and was a constituent of the [[FTSE 250 Index]] and of the JSE All Share Index until it was acquired by Vitol Group in July 2022.
'''Vivo Energy''' is a British downstream [[oil company|petroleum company]] with its headquarters in London. It maintains subsidiaries and operations in 23 countries across [[Africa]] that encompass the supply, storage, distribution, and retail of a range of petroleum products. Vivo Energy is a [[Royal Dutch Shell|Shell]] and [[Engen Petroleum]] licensee and sources, distributes, markets and supplies fuels and lubricants. It was listed on the [[London Stock Exchange]] and the [[Johannesburg Stock Exchange]] and was a constituent of the [[FTSE 250 Index]] and of the JSE All Share Index until it was acquired by Vitol Group in July 2022.


== History ==
== History ==
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== Operations ==
== Operations ==
As of June 2021, the company operates 2,400 service stations across its markets.<ref>{{Cite web|title=2021 Interim Results|url=https://investors.vivoenergy.com/results-centre|access-date=2021-08-13|website=investors.vivoenergy.com|language=en}}</ref>
As of 31 December 2021, the company operates 2,463 service stations across its markets.<ref name=financestatement/>


==References==
==References==

Latest revision as of 07:24, 29 June 2024

This article is about the downstream petroleum company. For other uses, see Vivo (disambiguation).

Vivo Energy plc
Company typePrivate company
IndustryOil and gas
Founded2011
HeadquartersLondon, UK
Area served
Africa
Key people
Stan Mittelman, CEO
ServicesFuel stations
RevenueIncrease US$ 8,458 million (2021)[1]
Increase US$ 312 million (2021)[1]
Increase US$ 152 million (2021)[1]
OwnerVitol Group
Number of employees
2,700 (2022)[2]
WebsiteVivo Energy

Vivo Energy is a British downstream petroleum company with its headquarters in London. It maintains subsidiaries and operations in 23 countries across Africa that encompass the supply, storage, distribution, and retail of a range of petroleum products. Vivo Energy is a Shell and Engen Petroleum licensee and sources, distributes, markets and supplies fuels and lubricants. It was listed on the London Stock Exchange and the Johannesburg Stock Exchange and was a constituent of the FTSE 250 Index and of the JSE All Share Index until it was acquired by Vitol Group in July 2022.

History

[edit]

Vivo Energy was established in 2011, as a partnership between Vitol Group, a Swiss-based Dutch-owned multinational energy and commodity trading company, and Helios Investment Partners, a United Kingdom-based private equity firm, with the objective to purchase majority shares in the downstream fuels business of Shell in Africa for approximately $1 billion.[3]

Cape Verde, Senegal, Madagascar, Mali, Mauritius, Morocco, Tunisia joined Vivo Energy in December 2011. They were followed by Burkina Faso, Côte d'Ivoire, Guinea in February 2012;[4] Botswana and Namibia in October 2012;[5] Kenya in November 2012;[6] Uganda in February 2013,[7] Ghana in August 2013[8] and Mozambique in August 2013.[9]

Vivo Energy had its initial public offering in May 2018[10] that saw its shares listed on the London Stock Exchange with a secondary listing on the Johannesburg Stock Exchange.[11] This IPO was the largest in the LSE in 2018 and saw the founding shareholders, Vitol and Helios, raise GBP 548 million.[12]

Until spring 2019 Vivo Energy was a Shell licensee operating in 16 African markets: Botswana, Burkina Faso, Cape Verde, Ghana, Guinea, Ivory Coast, Kenya, Madagascar, Mali, Mauritius, Morocco, Mozambique, Namibia, Senegal, Tunisia and Uganda.[13] However, in March 2019, Vivo Energy completed a transaction with Engen Petroleum, adding eight new countries and 230 Engen-branded service stations to its network. The new markets for Vivo Energy were Gabon, Malawi, Mozambique, Réunion, Rwanda, Tanzania, Zambia and Zimbabwe; accordingly Vivo operates in 23 countries.[14]

In July 2022, Vitol Group secured approval from the relevant regulatory and anti-trust bodies to acquire the company.[15]

Operations

[edit]

As of 31 December 2021, the company operates 2,463 service stations across its markets.[1]

References

[edit]
  1. ^ a b c d "Preliminary Results 2021" (PDF). Vivo Energy. Retrieved 2 March 2022.
  2. ^ "Where we operate". Vivo Energy. Retrieved 17 February 2022.
  3. ^ Kumwenda, Olivia (19 February 2011). "Shell to sell Africa downstream stake for $1 billion". Johannesburg: Reuters.com. Retrieved 30 October 2017.
  4. ^ Vitol (29 February 2012). "Vivo Energy – 2nd phase of Africa transaction completes". Geneva: Vitol. Retrieved 30 October 2017.
  5. ^ Seitshiro, Kabelo (22 October 2012). "Shell Botswana Gets New Corporate Brand". The Sunday Standard. Gaborone. Retrieved 30 October 2017.
  6. ^ Senelwa, Kennedy (5 May 2012). "Kenya Shell sold to Nigerian fund in billion-dollar deal". The East African. Nairobi. Retrieved 30 October 2017.
  7. ^ Senelwa, Kennedy (16 February 2013). "Vivo takes over from Shell in Uganda". Daily Nation. Nairobi. Retrieved 30 October 2017.
  8. ^ Ghana Trade Ministry (August 2013). "Vivo Energy Ghana Takes Over From Shell Ghana". Ghanatrade.gov.gh (Ghana Trade Ministry). Retrieved 30 October 2017.
  9. ^ "Vivo Energy Mozambique". African Intelligence. 27 September 2013. Retrieved 7 September 2018.
  10. ^ "Vivo Energy plc - IPO Prospectus" (PDF). Vivo Energy plc. 4 May 2018. Retrieved 9 September 2018.
  11. ^ "Vivo Energy closes biggest Africa-focused IPO in a decade". FT. 3 May 2018. Retrieved 7 September 2018.
  12. ^ "Vivo Energy - largest UK-listed African IPO in over a decade". LSEG. 4 May 2018. Retrieved 9 September 2018.
  13. ^ Ngugi, Brian (27 April 2017). "Shell completes sale of Africa retail business to Vivo Energy". Business Daily Africa. Nairobi. Retrieved 30 October 2017.
  14. ^ "Vivo Energy completes Engen deal". The Herald. 14 October 2020.
  15. ^ "Vitol Group completes takeover of Vivo Energy PLC". Fuel and Lubricants. 11 July 2022. Retrieved 19 July 2022.
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