Vivo Energy: Well positioned to keep Africa moving
Vivo Energy’s fortunes ride or die on the growth of the African consumer market, which is a bet most would be happy to take
27 February 2020 - 10:00
Downstream petroleum company Vivo Energy listed on the London Stock Exchange with much fanfare in 2018 as the largest African initial public offering (IPO) on the bourse in more than a decade.
But the stock hasn’t performed, and at R21.59 a share on the JSE, where it is also listed, the valuation is in fact 5.6% lower in the year to date...
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