Vivo Energy Investments BV, commonly referred to as Vivo Energy, is a downstream petroleum company based in Africa. Its operations span 16 countries across Africa and encompass the supply, storage, distribution, and retail of a range of petroleum products. Vivo Energy is a Shell licensee and operates in retail of Shell branded commercial fuels, liquefied petroleum gas and lubricants.
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Overview
Vivo Energy, a Shell licensee in 16 African markets, was established on December 1, 2011 to distribute and market Shell-branded fuels and lubricants.
Vivo Energy operates in retail; commercial fuels (marine, mining and aviation through Vitol Aviation); liquefied petroleum gas and lubricants in Botswana, Burkina Faso, Cape Verde, Ghana, Guinea, Ivory Coast, Kenya, Madagascar, Mali, Mauritius, Morocco, Mozambique, Namibia, Senegal, Tunisia and Uganda.
The company employs 2,100 people and operates around 1,500 service stations under the Shell brand and has access to approximately 900,000 cubic meters of fuel storage capacity. 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.
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History
Vivo Energy was established in 2011 as a partnership between Vitol Group (Swiss-based Dutch-owned multinational energy and commodity trading company) and Helios Investment Partners (a UK based private equity firm) to purchase the downstream fuels business of Royal Dutch Shell in Africa for approximately $1 billion.
Cape Verde, Senegal, Madagascar, Mali, Mauritius, Morocco, Tunisia joined Vivo Energy in December 2011. They were followed by Burkina Faso, Cote D'Ivoire, Guinea in March 2012; Botswana and Namibia in October 2012; Kenya in November 2012; Uganda in February 2013, Ghana in August 2013 and Mozambique in August 2013.
Ownership
Shareholding in the Vivo Energy's stock is as depicted in the table below:
Source of the article : Wikipedia
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