LONDON: Chariot Limited (AIM: CHAR), the Africa-focused transitional energy group, has signed a Heads of Terms agreement with Vivo Energy regarding future natural gas offtake from the Loukos Onshore licence in Morocco (Chariot, Operator 75%, ONHYM, 25%). The aim of the agreement is to set out the next steps for implementing a gas to industry…
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Vitol offers to acquire Vivo Energy for $2.3 billion
LONDON, UK: Vitol Investment’s newly formed BidCo has signed an agreement to acquire the entire issued and to be issued share capital of Vivo Energy (excluding Vivo shares held by the existing Vitol shareholders) for $2.3 billion, a bourse filing said. BidCo is a company indirectly owned by Vitol Investment Partnership II Limited (VIP II),…