Vivo Energy Takes Over Engen Service Stations Across Africa
A London-listed oils company, Vivo Energy that holds the Shell brand in Africa has completed the takeover of Engen assets across the continent.
There are at least 2 000 Engen service stations across 23 African markets. Vivo will also add eight new countries and 230 Engen-branded service stations to its energy network.
In a statement issued on Friday, Vivo CEO Christian Chammas said:
Today’s announcement opens an important new chapter for Vivo Energy, welcoming around 300 new employees, adding eight new countries to our network, and increasing our target market by almost 160 million to around 36% of the African continent.
On their part, Engen Managing Director and CEO Yusa’ Hassan had this to say:
Engen is excited to embark on this growth journey with Vivo Energy, and add another strong and well-respected brand to the Vivo Energy Group.