Vivo plans London listing to raise expansion capital

A Shell team promoting the dealer’s products in Mombasa. FILE photo | nmg

Vivo Energy Investments BV, one of the big four oil marketers in Kenya, plans to list on the London Stock Exchange (LSE) to raise capital for regional expansion.

Vivo Energy — which holds the Shell licence in 16 African markets — was reported last week to be eyeing an initial public offering over the coming months that could value the company at more than $3 billion (about Sh311.1 billion).

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