Vinson & Elkins advised Helios and Vitol in Vivo Energy’s initial public offering.
Vivo Energy successfully priced its initial public offering at 165 pence per share – equal to a market capitalization of approximately £1.98 billion – and conditional dealings on the main market for listed securities of the London Stock Exchange (the “LSE”).
Vivo Energy PLC distributes and markets petroleum products. The Company offers supply, storage, distribution, and retail of lubricants, fuels, and liquefied petroleum gas. Vivo Energy, led by John Patrick Daly, Christian Chammas and Johan Depraetere, is based in UK.
Vivo Energy was created by Helios, Vitol and Shell in 2011 when Shell divested its majority share in its downstream operations in 14 African markets.
The V&E team was led by partners Shaun Lascelles (Picture), Simon Rootsey and Federico Fruhbeck.
Law Firms: Vinson & Elkins LLP;