https://www.engineeringnews.co.za

African fuel giant Vivo Energy attains secondary listing on JSE

10th May 2018

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

Downstream petroleum company Vivo Energy on Thursday attained a secondary listing on the main board of the JSE.

The company listed in the speciality retails sector and had 539 958 shares worth R16.6-million in issue at opening trade.

“We welcome a leading retailer and marketer of Shell-branded fuels and lubricants in Africa. A listing on the JSE provides an excellent platform for the next stage of Vivo’s development and more liquidity,” said JSE capital markets director Donna Nemer.

Vivo was established in 2011 and is jointly owned by Vitol and Helios Investment Partners. The company has a network of more than 1 800 service stations in 15 countries across Africa, marketing its products to commercial customers and exporting lubricants to more than ten African countries.

Bringing Vivo to the public markets will enable the company to further grow the business and strengthen its market leading position across Africa.

Vivo CEO Christian Chammas commented that Vivo’s differentiated business model, strong record, exposure to Africa and the growth opportunity it presents has been well understood by investors.

The listing brings the total number of companies listed in the speciality retailers sector to three.

Currently, the JSE has 372 companies listed with a total market capitalisation of R14.47-trillion.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (26/04/2024)
26th April 2024 By: Martin Creamer
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.054 0.109s - 157pq - 2rq
Subscribe Now