IN BRIEF: Vivo Energy says Vitol takeover backed at Thursday meetings

Vivo Energy PLC - sells fuels and lubricants under Shell and Engen brands in 23 African countries ...

Alliance News 20 January, 2022 | 4:52PM
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Vivo Energy PLC - sells fuels and lubricants under Shell and Engen brands in 23 African countries - Says takeover by largest shareholder Vitol Group backed at court and general meetings. Vitol, an energy and commodity trading company, has offered USD1.85 per share for Vivo Energy, in a deal valued at USD2.3 billion. Takeover scheme now needs sanctioning at court hearing set for third quarter of 2022.

Current stock price in London: 132.80 pence

12-month change: up 65%

Current stock price in Johannesburg: ZAR27.74

12-month change: up 67%

By Eric Cunha; ericcunha@alliancenews.com

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Vivo Energy PLC 144.60 GBX 0.42 -

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