StockMarketWire.com - Africa-focused fuel marketer Vivo Energy said its proposed takeover of Engen had been tweaked to exclude the target's operations in the Democratic Republic of Congo.

The restructured transaction would still add operations in eight new countries and over 225 Engen-branded service stations, in Gabon, Malawi, Mozambique, Reunion, Rwanda, Tanzania, Zambia and Zimbabwe.

As a result of the restructure, payment to Engin would amount to $203.9m, comprising Vivo Energy shares and $62.1m in cash.

Completion of the deal was scheduled for 1 March.


At 9:38am: [LON:VVO] Vivo Energy Plc share price was +4.17p at 133.17p



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