Mamoudzou, Mayotte. 27 December 2023: Vivo Energy, the leading pan-African distributor of high-quality fuels, lubricants, and LPG, is pleased to announce the successful completion of its acquisition of Somagaz. This strategic move is aligned with Vivo Energy's growth strategy, reinforcing its presence in Africa and the Indian Ocean.

Vivo Energy has officially taken control of Somagaz SAS and its subsidiaries, Sigma SAS (responsible for LPG supply, storage, and bottling) and SN Somagaz SAS (in charge of LPG distribution to customers) in Mayotte.

For over 27 years, Somagaz has played a pivotal role in the dynamic LPG market of Mayotte, being the undisputed market leader. Committed to ensuring the security and continuity of the Department's LPG supplies, Somagaz operates in strict compliance with French and European safety, health, and environmental standards. The company, which owns a depot and filling centre in Longoni boasting a 1,000-tonne capacity, distributes LPG cylinders to approximately 140 retail outlets. Additionally, Somagaz serves industrial customers across Mayotte through cylinder and bulk distribution.

Commenting on the transaction, Stan Mittelman, CEO of Vivo Energy, said: "We are delighted to announce the successful completion of our acquisition of Somagaz, taking Vivo Energy’s network to 24 African and Indian Ocean markets. This move aligns seamlessly with our growth strategy, in particular, allowing us to expand our LPG business, reach new customers, and deliver enhanced value."

Over recent weeks, Vivo Energy has been working closely with Somagaz to ensure the change of control will have no impact on the operational capacity of Sigma or Somagaz, ensuring the smooth continuation of commercial activity and LPG deliveries to its customers.

Stan Mittelman emphasized the importance of LPG in the energy transition, noting its increasing popularity in Africa and the Indian Ocean. "Having acquired LPG businesses in Reunion and Namibia earlier this year, we are focused on accelerating the growth of our LPG business. We are pleased to welcome our new Somagaz colleagues to Vivo Energy, working together to further develop the LPG industry in Mayotte and contribute to its economic and social development in the years to come."