RCS - Vivo Energy Limited - Conclusion of Moroccan industry investigation

ShellAnnouncement

28/11/2023 18:15

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RNS Number : 9569U  Vivo Energy Limited  28 November 2023

 

 

28 November 2023

 

Vivo Energy Ltd

 

Conclusion of Moroccan industry investigation

 

 

Vivo Energy Ltd notes an announcement from the Conseil de la Concurrence
("CDC") in Morocco, following its investigation of the fuel marketing
industry.

 

We confirm that Vivo Energy Maroc has chosen to benefit from a settlement
agreement with the CDC to close the outstanding investigation in a
constructive and cooperative manner, and prevent lengthy litigation.

 

Vivo Energy Maroc ensures that it conducts its operations in accordance with
the competition laws and regulations at all times, and is committed to
maintaining a strong governance framework.

 

With a strong commitment to Morocco, where the Shell brand has been present
for over 100 years, Vivo Energy Maroc will continue to invest in the Kingdom's
future to meet the challenges of an ever-changing environment.

 

ENDS

 

 

For further information, please contact:

Issam Sadiq

VP Finance: Treasury

issam.sadiq@vivoenergy.com (mailto:issam.sadiq@vivoenergy.com)

 

Rob Foyle

Head of Communications

+44 7715 036 407

rob.foyle@vivoenergy.com (mailto:rob.foyle@vivoenergy.com)

 

 

About Vivo Energy:

Vivo Energy operates and markets its products in countries across North, West,
East and Southern Africa. The Group has a network of over 2,650 service
stations in 23 countries operating under the Shell and Engen brands and
exports lubricants to a number of other African countries. Its retail offering
includes fuels, lubricants, card services, shops, restaurants and other
non-fuel services. It provides fuels, lubricants, liquefied petroleum gas
(LPG), and solar energy solutions to business customers across a range of
sectors including marine, mining, construction, power, transport, wholesalers
and manufacturing. The Company employs around 2,800 people, has access to over
1,000,000 cubic metres of fuel storage capacity and has a joint venture, Shell
and Vivo Lubricants B.V., that sources, blends, packages and supplies
Shell-branded lubricants.

 

For more information about Vivo Energy, please visit www.vivoenergy.com
(http://www.vivoenergy.com/)

 

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