Nigerian tycoon Temitope Lawani-linked Vivo Energy completes acquisition of Engen from Petrona
The merger of Vivo Energy and Engen marks a significant development in the African energy sector.
The merger of Vivo Energy and Engen marks a significant development in the African energy sector.
Vivo Energy is partially owned by Lawani, the co-founder and managing partner of Helios Investment Partners.
Lawani holds a direct 1.55-percent stake in Vivo Energy.
Vivo Energy is a British downstream petroleum company headquartered in London.
In its audited statement for 2020, the company reported plunging earnings and a 40-percent drop in profit.