Botswana excluded from Vivo�s takeover of Engen

According to details of the share purchase deal released yesterday, Vivo is buying Engen operations in nine African countries where it did not have a presence. Vivo is also buying Engen’s business in Kenya where it already operates.

The new markets for Vivo Energy included in the transaction are DR Congo, Zimbabwe, Réunion, Zambia, Gabon, Rwanda, Mozambique, Tanzania and Malawi. Upon completion of this transaction, which is still subject to regulatory approval, the acquisition of the nine new countries will see over 300 Engen-branded service stations added to Vivo Energy’s network. This will take Vivo Energy’s total presence to over 2,100 service stations, across 24 African markets. Apart from Botswana, Engen Holdings will retain its interest in six other African countries including South Africa, Mauritius, Ghana, Namibia, Swaziland and Lesotho.