July 12, 2018 / 6:39 AM / 4 months ago

Vitol partnership to keep 45 percent stake in Viva Energy

MELBOURNE (Reuters) - Vitol Investment Partnership will retain a 45 percent stake in Viva Energy, after having raised A$2.65 billion (1.48 billion pounds) in an initial public offering of the Australian refining and marketing company, Viva said on Thursday.

Global energy trader Vitol [VITOLV.UL] and its unnamed partners sold a 55 percent stake in Viva Energy, which confirmed the issue price was set at A$2.50 a share, the bottom of the bidding range for the float.

Viva Energy is due to debut on the Australian Stock Exchange on Friday at 0200 GMT under the ticker VEA (VEA.AX).

Reporting by Sonali Paul; editing by Richard Pullin

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