Engen and Vivo Energy will combine their respective African businesses to create one of Africa’s largest energy distribution companies, the companies announced on Feb. 9. It expands on an existing working relationship, including Vivo’s distribution of Engen-branded lubricants throughout much of Africa.
The combined group will have over 3,900 service stations and more than two billion liters of storage capacity across 27 African countries. At the combination’s completion, Malaysia’s Petronas will sell its 74% shareholding in Engen to Vivo Energy. The Phembani Group, Petronas’ longstanding partner in Africa and Engen’s B-BBEE (Broad-Based Black Economic Empowerment) Shareholder, will remain a 21% shareholder in the South African business.