Nasan Energies has completed the acquisition of divested Engen and Shell branded service stations from Vivo Energy Namibia following approval from the Namibian Competition Commission.
The transaction concludes a divestment process linked to Vivo Energy’s acquisition of Engen Limited from Petronas in May 2024, which required the disposal of selected fuel retail assets as part of regulatory conditions imposed by the competition authority.
Vivo Energy said the transaction fully satisfies the regulatory obligations attached to the acquisition.
“With immediate effect, all of the divested service stations currently operating under the Engen and Shell brands are owned and supplied by Nasan Energies,” the companies said in a joint statement.
The Shell-branded service stations will be debranded immediately, while Engen-branded sites will continue operating under the Engen identity during a transition period before being progressively rebranded under the Nasan Energies brand.
During the transition phase, Nasan Energies will assume full responsibility for operations, fuel supply, customer service and management of the affected sites.
Johan Grobbelaar said the transaction marks the completion of Vivo Energy’s regulatory commitments in Namibia.
“Completion of this transaction represents the fulfilment of our regulatory commitment to the Namibian Competition Commission and to the people of Namibia. We have worked closely and collaboratively with the Nasan Energies team over recent months to ensure the smoothest possible transition at these sites,” Grobbelaar said.
He said Vivo Energy wished Nasan Energies success as it takes ownership of the sites.
Miguel Hamutenya described the acquisition as a milestone for the locally founded fuel company.
“Today marks an important milestone for Nasan Energies. Nasan Energies is proud to stand as one of Namibia’s first privately owned, locally founded major oil marketing companies,” Hamutenya said.
“We have taken full ownership and operational responsibility for these service stations and are committed to delivering the highest standards of service and reliability to our customers from day one.”
Nasan Energies said the acquisition strengthens its position in Namibia’s retail fuel market, where it is now ranked as the third-largest operator by number of service stations behind Vivo Energy and Puma Energy.
The company said it intends to use the acquisition to expand its market presence and build a stronger local energy brand in a sector historically dominated by multinational operators.
Vivo Energy operates across 28 African markets under the Engen and Shell brands and manages a network of more than 4,000 service stations across the continent.
