Vivo Energy
 | |
| Company type | Public |
|---|---|
| LSE: VVO | |
| Industry | Oil and gas |
| Founded | 2011 |
| Headquarters | London, UK |
Area served | Africa |
Key people | John Daly, Chairman Christian Chammas, CEO |
| Services | Fuel stations |
| Revenue | US$ 8,302 million (2019)[1] |
| US$ 310 million (2019)[1] | |
| US$ 150 million (2019)[1] | |
Number of employees | 2,600 (2019)[1] |
| Website | Vivo Energy |
Vivo Energy plc, commonly referred to as Vivo Energy, is a 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 Royal Dutch Shell and Energen 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.
History
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 Royal Dutch Shell in Africa for approximately $1 billion.[2]
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;[3] Botswana and Namibia in October 2012;[4] Kenya in November 2012;[5] Uganda in February 2013,[6] Ghana in August 2013[7] and Mozambique in August 2013.[8]
Vivo Energy had its initial public offering in May 2018[9] that saw its shares listed on the London Stock Exchange with a secondary listing on the JSE.[10] This IPO was the largest in the LSE in 2018 and saw the founding shareholders, Vitol and Helios, raise GBP 548 million.[11]
Operations
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.[12] 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, Reunion, Rwanda, Tanzania, Zambia and Zimbabwe; accordingly (accounting for the fact that Vivo is a franchisee for both Shell and Energen in Mozambique) Vivo operates in 23 counties.[13]
As of October 2020, the company operates over 2,000 service stations across its markets.[13] 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.[14]
Ownership
The shares of Vivo Energy are listed on the London Stock Exchange and cross listed on the JSE. As of 31 December 2019, the top shareholders of Vivo Energy were as listed below:[15]
| Rank | Name of Owner | Percentage Ownership |
|---|---|---|
| 1 | Vitol Group | |
| 2 | Helios Investment Partners associated companies | |
| 3 | Capital Group Companies Inc | |
| 4 | Engen Holdings (Pty) Ltd of the South Africa | |
| 5 | Others via the LSE and JSE | |
| Total |
References
- ^ a b c d "Annual Report 2019" (PDF). Vivo Energy. Retrieved 13 October 2020.
- ^ Kumwenda, Olivia (19 February 2011). "Shell to sell Africa downstream stake for $1 billion". Johannesburg: Reuters.com. Retrieved 30 October 2017.
- ^ Vitol (29 February 2012). "Vivo Energy – 2nd phase of Africa transaction completes". Geneva: Vitol. Retrieved 30 October 2017.
- ^ Seitshiro, Kabelo (22 October 2012). "Shell Botswana Gets New Corporate Brand". The Sunday Standard. Gaborone. Retrieved 30 October 2017.
- ^ Senelwa, Kennedy (5 May 2012). "Kenya Shell sold to Nigerian fund in billion-dollar deal". The East African. Nairobi. Retrieved 30 October 2017.
- ^ Senelwa, Kennedy (16 February 2013). "Vivo takes over from Shell in Uganda". Daily Nation. Nairobi. Retrieved 30 October 2017.
- ^ Ghana Trade Ministry (August 2013). "Vivo Energy Ghana Takes Over From Shell Ghana". Ghanatrade.gov.gh (Ghana Trade Ministry). Retrieved 30 October 2017.
- ^ "Vivo Energy Mozambique". African Intelligence. 27 September 2013. Retrieved 7 September 2018.
- ^ "Vivo Energy plc - IPO Prospectus" (PDF). Vivo Energy plc. 4 May 2018. Retrieved 9 September 2018.
- ^ "Vivo Energy closes biggest Africa-focused IPO in a decade". FT. 3 May 2018. Retrieved 7 September 2018.
- ^ "Vivo Energy - largest UK-listed African IPO in over a decade". LSEG. 4 May 2018. Retrieved 9 September 2018.
- ^ Ngugi, Brian (27 April 2017). "Shell completes sale of Africa retail business to Vivo Energy". Business Daily Africa. Nairobi. Retrieved 30 October 2017.
- ^ a b "Vivo Energy completes Engen deal". The Herald. 14 October 2020.
- ^ The Ghanaauto (30 September 2014). "The Ghanaauto - Motorbite Fuel Pumps to Offer Comfort for Riders". The Ghanaauto. Retrieved 30 October 2017.
- ^ "Vivo Energy 2019 Annual Report" (PDF). 12 March 2020. Retrieved 20 April 2020.
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