A London-listed operator of petrol stations in Africa is to be taken private by its biggest shareholder less than four years after floating.
Vivo Energy, a FTSE 250 group, said it was recommending a cash offer from the commodities trading group Vitol worth $1.85 (139p) per share and valuing the company at $2.3bn.
Vivo has 2,400 sites across Africa under the Shell and Engen brands.
Start your free trial today
Your trusted daily source of commercial real estate news and analysis. Register now for unlimited digital access throughout April.
Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
