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Vivo heads for FTSE 250 exit with £1.7bn takeover
Evening Standard
|November 25, 2021
Cheers: Remy Cointreau upped its financial guidance on the back of strong sales in China and the US, sending its shares 10% higher in Paris
MARKET ROUND-UP
AFRICA’S Vivo Energy, which joined the London stock market amid much fanfare in 2018, today moved towards the exit after backing a £1.7 billion takeover.
The FTSE 250-listed business, which sells Shell-branded fuels and lubricants at more than 2400 filling stations, was initially valued at £2 billion following the UK’s largest flotation of an African company for a decade.
This story is from the November 25, 2021 edition of Evening Standard.
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