Petronas is a Malaysian national oil and gas company. It plans to sell all of its 74% majority stake in the South African company Engen to Vivo Energy, one of the main African fuel distribution operators. Vivo Energy has 2,600 service stations in 23 African countries.

Stan Mittelman, CEO of Vivo, announced in a press release that “the completion of this transaction, which brings together the Engen brand across Africa, will be a radical change in our growth and represents a significant commitment to the southern market. -African. While strengthening Vivo Energy's portfolio in other important markets.” In reality, Petronas' adventure in Engen began in 1996 with an initial stake before becoming a majority shareholder two years later.

Engen's main activity is the marketing of petroleum, lubricants and functional fluids; chemical products and retail services.