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{{Short description|British downstream petroleum company}}
{{About|the downstream petroleum company|other uses|Vivo (disambiguation)}}
{{About|the downstream petroleum company|other uses|Vivo (disambiguation)}}
{{EngvarB|date=August 2015}}
{{EngvarB|date=August 2015}}
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| logo = Vivo Energy logo.svg
| logo = Vivo Energy logo.svg
| logo_size =
| logo_size =
| traded_as = {{LSE|VVO}}
| traded_as =
| type = [[Public company|Public]]
| type = [[Private company]]
| foundation = 2011
| foundation = 2011
| founder =
| founder =
| location = [[London]], UK
| location = [[London]], UK
| area_served = [[Africa]]
| area_served = [[Africa]]
| key_people = John Daly, [[Chairman]]<br>Christian Chammas, [[CEO]]
| key_people = Stan Mittelman, [[CEO]]
| 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 = [[US dollar|US$]] 8,302 million (2019)<ref name=financestatement>{{cite web|publisher=Vivo Energy|title=Annual Report 2019|url=https://investors.vivoenergy.com/~/media/Files/V/Vivo-Energy-IR/reports-and-presentations/Vivo_Energy_12-03-2020.pdf|accessdate=13 October 2020}}</ref>
| revenue = {{increase}} [[US dollar|US$]] 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 = US$ 310 million (2019)<ref name=financestatement/>
| operating_income = {{increase}} US$ 312 million (2021)<ref name=financestatement/>
| net_income = US$ 150 million (2019)<ref name=financestatement/>
| net_income = {{increase}} US$ 152 million (2021)<ref name=financestatement/>
| assets =
| assets =
| equity =
| equity =
| owner = [[Vitol|Vitol Group]]
| num_employees = 2,600 (2019)<ref name=financestatement/>
| 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 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]] and [[Engen Petroleum]] licensee and sources, distributes, markets and supplies fuels and lubricants. It is listed on the [[London Stock Exchange]] and the [[Johannesburg Stock Exchange]] and is a constituent of the [[FTSE 250 Index]] and of the JSE All Share Index.
'''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 ==
Vivo Energy was established in 2011, as a partnership between [[Vitol|Vitol Group]], a Swiss-based Dutch-owned [[Multinational corporation|multinational]] energy and [[commodity trading]] company, and [[Helios Investment Partners]], a [[United Kingdom]]-based [[Private equity fund|private equity]] firm, with the objective to purchase majority shares in the [[Downstream (petroleum industry)|downstream]] fuels business of Royal Dutch Shell in Africa for approximately $1 billion.<ref>{{cite web|
Vivo Energy was established in 2011, as a partnership between [[Vitol|Vitol Group]], a Swiss-based Dutch-owned [[Multinational corporation|multinational]] energy and [[commodity trading]] company, and [[Helios Investment Partners]], a [[United Kingdom]]-based [[Private equity fund|private equity]] firm, with the objective to purchase majority shares in the [[Downstream (petroleum industry)|downstream]] fuels business of Shell in Africa for approximately $1 billion.<ref>{{cite web|
url=https://www.reuters.com/article/us-shell/shell-to-sell-africa-downstream-stake-for-1-billion-idUSTRE71I1NO20110219 |title=Shell to sell Africa downstream stake for $1 billion | publisher=[[Reuters.com]] | accessdate=30 October 2017 | date=19 February 2011 | first=Olivia |last=Kumwenda | location=Johannesburg}}</ref>
url=https://www.reuters.com/article/us-shell/shell-to-sell-africa-downstream-stake-for-1-billion-idUSTRE71I1NO20110219 |title=Shell to sell Africa downstream stake for $1 billion | publisher=[[Reuters.com]] | access-date=30 October 2017 | date=19 February 2011 | first=Olivia |last=Kumwenda | location=Johannesburg}}</ref>


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;<ref>{{cite web|accessdate=30 October 2017 | url=http://www.vitol.com/vivo-energy-2nd-phase-of-africa-transaction-completes/ |title=Vivo Energy – 2nd phase of Africa transaction completes | date=29 February 2012 | publisher=[[Vitol]] |author=Vitol | location=Geneva}}</ref> Botswana and Namibia in October 2012;<ref>{{cite web|url=http://www.sundaystandard.info/shell-botswana-gets-new-corporate-brand |title=Shell Botswana Gets New Corporate Brand |last=Seitshiro |
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;<ref>{{cite web|access-date=30 October 2017 | url=http://www.vitol.com/vivo-energy-2nd-phase-of-africa-transaction-completes/ |title=Vivo Energy – 2nd phase of Africa transaction completes | date=29 February 2012 | publisher=[[Vitol]] |author=Vitol | location=Geneva}}</ref> Botswana and Namibia in October 2012;<ref>{{cite web|url=http://www.sundaystandard.info/shell-botswana-gets-new-corporate-brand |title=Shell Botswana Gets New Corporate Brand |last=Seitshiro |
first=Kabelo |date=22 October 2012 | accessdate=30 October 2017 | newspaper=The Sunday Standard |location=Gaborone}}</ref> Kenya in November 2012;<ref>{{cite web| title=Kenya Shell sold to Nigerian fund in billion-dollar deal | date=5 May 2012 |accessdate=30 October 2017 |first=Kennedy |
first=Kabelo |date=22 October 2012 | access-date=30 October 2017 | newspaper=The Sunday Standard |location=Gaborone}}</ref> Kenya in November 2012;<ref>{{cite web| title=Kenya Shell sold to Nigerian fund in billion-dollar deal | date=5 May 2012 |access-date=30 October 2017 |first=Kennedy |
url=https://www.theeastafrican.co.ke/news/Kenya-Shell-sold-to-Nigerian-fund-in-billion-dollar-deal/2558-1399936-140j92z/index.html | last=Senelwa | newspaper=[[The East African]] | location=Nairobi}}</ref> Uganda in February 2013,<ref>{{cite web| title=Vivo takes over from Shell in Uganda |
url=https://www.theeastafrican.co.ke/news/Kenya-Shell-sold-to-Nigerian-fund-in-billion-dollar-deal/2558-1399936-140j92z/index.html | last=Senelwa | newspaper=[[The East African]] | location=Nairobi}}</ref> Uganda in February 2013,<ref>{{cite web| title=Vivo takes over from Shell in Uganda |
url=https://www.theeastafrican.co.ke/business/Vivo-takes-over-from-Shell-in-Uganda/-/2560/1696034/-/format/xhtml/view/printVersion/-/ftoyyh/-/index.html |date=16 February 2013 | accessdate=30 October 2017 | last=Senelwa | first=Kennedy |newspaper=[[Daily Nation]] | location=Nairobi}}</ref> Ghana in August 2013<ref>{{cite web|url=http://www.ghanatrade.gov.gh/Latest-News/vivo-energy-ghana-takes-over-from-shell-ghana.html |date=August 2013 |
url=https://www.theeastafrican.co.ke/business/Vivo-takes-over-from-Shell-in-Uganda/-/2560/1696034/-/format/xhtml/view/printVersion/-/ftoyyh/-/index.html |date=16 February 2013 | access-date=30 October 2017 | last=Senelwa | first=Kennedy |newspaper=[[Daily Nation]] | location=Nairobi}}</ref> Ghana in August 2013<ref>{{cite web|url=http://www.ghanatrade.gov.gh/Latest-News/vivo-energy-ghana-takes-over-from-shell-ghana.html |date=August 2013 |
title=Vivo Energy Ghana Takes Over From Shell Ghana |accessdate=30 October 2017 |publisher=Ghanatrade.gov.gh (Ghana Trade Ministry) |
title=Vivo Energy Ghana Takes Over From Shell Ghana |access-date=30 October 2017 |publisher=Ghanatrade.gov.gh (Ghana Trade Ministry) |
author=Ghana Trade Ministry}}</ref> and Mozambique in August 2013.<ref>{{cite web|url=https://www.africaintelligence.com/ion/business-circles_companies/2013/09/27/vivo-energy-mozambique,107978617-bre|title=Vivo Energy Mozambique|date=27 September 2013|publisher=African Intelligence|accessdate=7 September 2018}}</ref>
author=Ghana Trade Ministry}}</ref> and Mozambique in August 2013.<ref>{{cite web|url=https://www.africaintelligence.com/ion/business-circles_companies/2013/09/27/vivo-energy-mozambique,107978617-bre|title=Vivo Energy Mozambique|date=27 September 2013|publisher=African Intelligence|access-date=7 September 2018}}</ref>


Vivo Energy had its [[initial public offering]] in May 2018<ref>{{Cite web|url=https://investors.vivoenergy.com/~/media/files/v/vivo-energy-ir/itfdocs/vivo-energy-plc-prospectus-4-may-2018.pdf|title=Vivo Energy plc - IPO Prospectus|date=4 May 2018|publisher=Vivo Energy plc|access-date=9 September 2018}}</ref> that saw its shares listed on the [[London Stock Exchange]] with a secondary listing on the [[Johannesburg Stock Exchange]].<ref>{{cite web|url=https://www.ft.com/content/936e847c-4edd-11e8-9471-a083af05aea7|title=Vivo Energy closes biggest Africa-focused IPO in a decade|date=3 May 2018|publisher=FT|accessdate=7 September 2018}}</ref> This IPO was the largest in the LSE in 2018 and saw the founding shareholders, [[Vitol]] and [[Helios Investment Partners|Helios]], raise GBP 548 million.<ref>{{Cite web|url=https://www.lseg.com/resources/media-centre/press-releases/vivo-energy-largest-uk-listed-african-ipo-over-decade|title=Vivo Energy - largest UK-listed African IPO in over a decade|date=2018-05-04|publisher=LSEG|access-date=2018-09-09}}</ref>
Vivo Energy had its [[initial public offering]] in May 2018<ref>{{Cite web|url=https://investors.vivoenergy.com/~/media/files/v/vivo-energy-ir/itfdocs/vivo-energy-plc-prospectus-4-may-2018.pdf|title=Vivo Energy plc - IPO Prospectus|date=4 May 2018|publisher=Vivo Energy plc|access-date=9 September 2018}}</ref> that saw its shares listed on the [[London Stock Exchange]] with a secondary listing on the [[Johannesburg Stock Exchange]].<ref>{{cite web|url=https://www.ft.com/content/936e847c-4edd-11e8-9471-a083af05aea7|title=Vivo Energy closes biggest Africa-focused IPO in a decade|date=3 May 2018|publisher=FT|access-date=7 September 2018}}</ref> This IPO was the largest in the LSE in 2018 and saw the founding shareholders, [[Vitol]] and [[Helios Investment Partners|Helios]], raise GBP 548 million.<ref>{{Cite web|url=https://www.lseg.com/resources/media-centre/press-releases/vivo-energy-largest-uk-listed-african-ipo-over-decade|title=Vivo Energy - largest UK-listed African IPO in over a decade|date=2018-05-04|publisher=LSEG|access-date=2018-09-09}}</ref>


Until spring 2019 Vivo Energy was a [[Royal Dutch Shell|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]].<ref name="Sold">{{cite web|accessdate=30 October 2017 |url=http://www.businessdailyafrica.com/corporate/Shell-completes-sale-of-Africa-retail-business-to-Vivo-Energy/539550-3906380-78alqbz/index.html | date=27 April 2017 |title=Shell completes sale of Africa retail business to Vivo Energy | newspaper=[[Business Daily Africa]] | first=Brian | last=Ngugi |location=Nairobi}}</ref> 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 (accounting for the fact that Vivo is a franchisee for both Shell and Engen Petroleum in Mozambique) Vivo operates in 23 counties.<ref name=herald>{{cite web|url=https://www.herald.co.zw/vivo-energy-completes-engen-deal/|title=Vivo Energy completes Engen deal|date=14 October 2020|publisher=The Herald}}</ref>
Until spring 2019 Vivo Energy was a [[Royal Dutch Shell|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]].<ref name="Sold">{{cite web|access-date=30 October 2017 |url=http://www.businessdailyafrica.com/corporate/Shell-completes-sale-of-Africa-retail-business-to-Vivo-Energy/539550-3906380-78alqbz/index.html | date=27 April 2017 |title=Shell completes sale of Africa retail business to Vivo Energy | newspaper=[[Business Daily Africa]] | first=Brian | last=Ngugi |location=Nairobi}}</ref> 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.<ref name=herald>{{cite web|url=https://www.herald.co.zw/vivo-energy-completes-engen-deal/|title=Vivo Energy completes Engen deal|date=14 October 2020|publisher=The Herald}}</ref>

In July 2022, Vitol Group secured approval from the relevant regulatory and anti-trust bodies to acquire the company.<ref>{{cite news|url= https://www.fuelsandlubes.com/flo-article/vitol-group-completes-takeover-of-vivo-energy-plc/ |title=Vitol Group completes takeover of Vivo Energy PLC|date=11 July 2022|newspaper=Fuel and Lubricants|access-date=19 July 2022}}</ref>


== Operations ==
== Operations ==
As of 31 December 2021, the company operates 2,463 service stations across its markets.<ref name=financestatement/>
As of October 2020, the company operates over 2,000 service stations across its markets.<ref name=herald/> Shell and Vivo lubricants have blending capacity of around 170,000 metric tonnes at plants in seven countries producing Shell branded lubricants and employing around 150 people.<ref name="GA-20150414">{{cite web |url=http://www.theghanaauto.com/index.php/2014-09-30-13-50-54/local-news/699-motorbike-fuel-pumps-to-offer-comfort-for-riders |title=Motorbike fuel pumps to offer comfort for riders |accessdate =30 October 2017 |website=TheGhanaAuto.com |date=14 April 2015 |url-status=dead |archive-url=https://web.archive.org/web/20160304120724/http://www.theghanaauto.com/index.php/2014-09-30-13-50-54/local-news/699-motorbike-fuel-pumps-to-offer-comfort-for-riders |archive-date=2016-03-04 }}</ref>

==Ownership==
The shares of Vivo Energy are listed on the [[London Stock Exchange]] and cross-listed on the [[Johannesburg Stock Exchange]]. As of 31 December 2019, the top shareholders of Vivo Energy were:<ref>{{Cite web|url=https://investors.vivoenergy.com/~/media/Files/V/Vivo-Energy-IR/reports-and-presentations/Vivo_Energy_12-03-2020.pdf|title=Vivo Energy 2019 Annual Report|last=|first=|date=12 March 2020|website=|url-status=live|archive-url=|archive-date=|access-date=20 April 2020}}</ref>

{| class="wikitable sortable" style="margin: 0.5em auto"
|+ Vivo Energy Stock Ownership
! Rank !! Name !! %
|-
! 1
| [[Vitol|Vitol Group]]
| style="text-align:center;" | 36.10
|-
! 2
| [[Helios Investment Partners]] associated companies
| style="text-align:center;" | 29.06
|-
! 3
| Others via the LSE and JSE
| style="text-align:center;" | 24.59
|-
! 4
| [[Capital Group Companies Inc]]
| style="text-align:center;" | 5.25
|-
! 5
| [[Engen Petroleum|Engen Holdings (Pty) Ltd]] of the [[South Africa]]
| style="text-align:center;" | 5.00
|-
!
! Total
! 100.00
|}


==References==
==References==
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==External links==
==External links==
* [http://www.vivoenergy.com/ Official site]
* [http://www.vivoenergy.com/ Official site]
{{Authority control}}
{{FTSE 250 Index constituents}}

[[Category:Oil companies of the Netherlands]]
[[Category:Oil companies of the Netherlands]]
[[Category:Multinational oil companies]]
[[Category:Multinational oil companies]]

Latest revision as of 07:24, 29 June 2024

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.
[edit]