Vivo Energy Kenya, the retailer of Shell and biggest oil marketer in the country, will acquire a controlling stake in South Africa’s Engen under an Africa-wide multi-billion-shilling deal that will deepen its dominance of the local market.
This is part of a global deal where Vivo Energy Group Plc has agreed to buy the 74 percent shareholding stake that Malaysian state energy company, Petronas holds in Engen.
