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Malaysia’s national oil and gas company Petronas has reached agreement to sell its entire 74% majority stake in South Africa’s Engen to Vivo Energy, one of the largest African fuel retail operators and part of multinational energy company Vitol.

Engen’s primary business is in the marketing of petroleum, lubricants and functional fluids; chemicals and retail convenience services.

It currently operates the largest retail footprint with some 1300 service stations across seven countries in Sub-Saharan Africa and the Indian Ocean islands.