Vivo Energy bets on Africa with $3 billion IPO

by | October 18, 2017 5:37 pm

LONDON—Vivo Energy Investments B.V., a major licensee of Royal Dutch Shell RDS.B +0.14% PLC’s fuels and lubricants in Africa, is eyeing an initial public offering that could value the company at more than $3 billion, according to people familiar with the matter.   The planned offering represents a bet that Africa’s improving economic growth prospects…

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