Petronas sells Engen shares to Vivo Energy
Petronas president and group chief executive officer Tengku Muhammad Taufik says the company had to sell Engen due to ‘evolving business priorities’. – The Malaysian Insight file pic, February 10, 2023.
PETRONAS has reached an agreement to sell its entire 74% interest in Engen Limited to Vivo Energy, one of the largest African fuel retail operators and part of multinational energy company Vitol. “For almost three decades, Engen has been an important part of the Group’s business portfolio,” Petronas president and group chief executive officer Tengku Muhammad Taufik said.
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