Australia's Viva Energy eyes worst week in over 3 yrs after Vitol sells stake

Waypoint REIT

15/09/2023 05:17

** Shares of fuel retailer Viva Energy  VEA.AX  set to
plunge ~7.3% this week
    ** Stock on track for its worst week since June 12, 2020
    ** On Tuesday, Dutch commodities trading firm Vitol sold
A$714 mln  ($461.53 mln) worth of shares in Viva Energy in a
block trade 
    ** The sale represents about 16.1% of Viva Energy's total
shares
    ** Vitol will remain Viva Energy's largest shareholder with
about a 30% stake following the deal
    ** As of last close, shares up 4% this year
  



($1 = 1.5470 Australian dollars)

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))