Phembani Group News Today

Vivo Energy is now the major shareholder of Engen.

%%title%% %%sep%% %%primary_category%% %%sep%% %%sitename%% %%sep%% Engen and Vivo Energy announced the completion of the transaction to combine their respective businesses, with Petronas on Tuesday selling its 74% shareholding to Vivo Energy, creating a pan-African champion.

New entity boasts over 3,900 service stations and commits to significant investments in South Africa…

··     Combined Group spans over 3,900 service stations, and more than two billion litres of storage capacity across 28 African markets ··     Significant capital expenditure committed to maintain and grow Engen’s operations in South Africa and make investments to help transform the economy

Engen and Vivo Energy have confirmed the completion of a transaction, announced in February 2023, to combine their respective businesses, with PETRONAS selling its 74% shareholding in Engen to Vivo Energy. The Vivo Energy Group now has over 3 900 service stations, and more than two-billion litres of storage capacity across 28 African markets and chairperson Chris Bake argued that the combination created a pan-African champion with a vision of becoming Africa’s leading energy business.

Engen and Vivo Energy are pleased to announce the completion of the transaction to combine their respective businesses, with PETRONAS today selling its 74% shareholding in Engen to Vivo Energy, creating a pan-African energy champion. The combined Vivo Energy Group now has over 3,900 service stations, and more than two billion litres of storage capacity

May 21, 2024 Dear Shareholders: On behalf of the Board of Directors, I cordially invite you to attend the annual general meeting of shareholders for the...

Engen and Vivo Energy have announced completion of the transaction to combine their respective businesses, with PETRONAS selling its 74% shareholding in Engen to Vivo Energy, creating a pan-African energy champion. The combined Vivo Energy Group now has over 3,900 service stations, and more than two billion litres of storage capacity across 28 African markets.

President Cyril Ramaphosa faces accusations of hypocrisy as he champions the NHI Bill while condemning affluent dissenters.

The African Private Capital Association (AVCA), called for increased investment to attract the $ 2.3 trillion of domestic capital in Africa that needs to be