Engen and Vivo merge to form Pan-African giant

Engen and Vivo Energy have successfully completed their merger, creating a leading pan-African energy company. The transaction sees Petronas divesting its 74% shareholding in Engen to Vivo Energy, while Phembani Group retains its strategic 21% stake in Engen South Africa

The combined Vivo Energy Group now boasts an extensive network of over 3,900 service stations and a storage capacity exceeding two billion litres across 28 African markets. This merger strengthens their position as a key player in the African energy sector.

In a joint statement, Stan Mittelman, CEO of Vivo Energy Group, and Seelan Naidoo, MD and CEO of Engen, expressed their enthusiasm for the merger and its potential for future growth and success.

“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.”

Vivo Energy has pledged significant capital expenditure to maintain and expand Engen's operations in South Africa, ensuring a modern and efficient business that benefits the South African population.