Vivo Energy finalizes acquisition of TotalEnergies Marketing Jordan

Vivo Energy, a prominent energy distributor in Africa, has officially completed its acquisition of TotalEnergies Marketing Jordan. The deal encompasses roughly 180 service stations and associated commercial fuel and lubricant operations, signaling Vivo Energy's expansion into its first market outside of Africa.

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This acquisition marks an important step for Vivo Energy as it enters Jordan, the Group's first market outside of Africa. Jordan benefits from strong fundamentals and is driven by a team we hold in high esteem.

This strategic move introduces the Engen brand to Jordan. Engen, already a significant player in Africa and Vivo Energy's own distribution brand, is recognized for its quality products and services. It holds the distinction of being the leading fuel brand in South Africa, distributing one in four liters of fuel sold in the country through its network of over 1,000 stations.

In the coming months, Engen branding will gradually replace TotalEnergies signage across the Jordanian service stations. The acquisition process, initiated with the transaction announcement in November 2025, involved close collaboration among all parties to secure regulatory approvals and meet all conditions, which have now been fully satisfied.

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Vivo Energy and our distribution brand Engen share African values of customer service and community commitment, which we are confident will resonate strongly in Jordan. We look forward to contributing to the development of this market in the coming years.

Stan Mittelman, Group CEO of Vivo Energy, expressed enthusiasm for the acquisition, stating, "This acquisition marks an important step for Vivo Energy as it enters Jordan, the Group's first market outside of Africa." He highlighted Jordan's strong economic fundamentals and the esteemed local team. "Vivo Energy and our distribution brand Engen share African values of customer service and community commitment, which we are confident will resonate strongly in Jordan," Mittelman added, looking forward to contributing to the market's development.

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I am extremely proud to have been appointed to lead Vivo Energy's operations in Jordan as we enter this new market. I have been part of Vivo Energy since its inception and have seen firsthand how our model builds strong, sustainable businesses.

Adel Saadallah, the newly appointed Managing Director of Vivo Energy Jordan, conveyed his pride in leading the company's new venture. "I have been part of Vivo Energy since its inception and have seen firsthand how our model builds strong, sustainable businesses," he said. Saadallah emphasized Vivo Energy's operational model, which relies on autonomous local management teams responsive to customer and stakeholder needs, a strategy intended for the Jordanian market. He assured stakeholders that while ownership has changed, employees, distributor contracts, and customer relationships remain unchanged, with his immediate priority being a smooth transition and building on existing successes.

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This announcement marks a change of ownership, but employees, distributor contracts, and customer relationships remain unchanged. My priority will be to work alongside the existing teams to build on their successes and ensure a smooth transition for everyone.