Engen and Vivo Energy announced the completion of a transaction combining the respective businesses, with Petronas on Tuesday selling its 74% shareholding of Engen to Vivo Energy, creating a pan-African champion.
The partnership will bring together two powerful businesses, using their collective resources and expertise to promote growth and success in the region.
In a joint media statement, Vivo Energy Group chief executive officer (CEO) Stan Mittelman and Engen managing director and CEO Seelan Naidoo said: “We are delighted to conclude the transaction and will now work together to take the ‘best of both’ from Engen and Vivo Energy, positioning the combined organisation well for growth and success in the years to come.”
In an age of information overload, Sunrise is The Namibian’s morning briefing, delivered at 6h00 from Monday to Friday. It offers a curated rundown of the most important stories from the past 24 hours – occasionally with a light, witty touch. It’s an essential way to stay informed. Subscribe and join our newsletter community.
The Namibian uses AI tools to assist with improved quality, accuracy and efficiency, while maintaining editorial oversight and journalistic integrity.
Stay informed with The Namibian – your source for credible journalism. Get in-depth reporting and opinions for
only N$85 a month. Invest in journalism, invest in democracy –
Subscribe Now!
