Vivo Energy has announced the signing of a Share Purchase Agreement (SPA) to acquire 100 percent of the shares in TotalEnergies Marketing Jordan, marking the company’s entry into a new strategic market.
Upon completion of the transaction, Vivo Energy—which currently operates approximately 4,000 service stations across 28 markets—will assume control of TotalEnergies Marketing Jordan’s operations. The acquisition includes a network of around 180 service stations in Jordan, along with the company’s commercial fuels and lubricants businesses.
For Vivo Energy, the acquisition reinforces its regional presence and supports its established track record of expanding into high-potential markets.
Stan Mittelman, CEO of Vivo Energy, described the significance of the transaction: “This agreement marks an exciting new step for Vivo Energy as we expand beyond our current 28 markets into Jordan – a market with strong and stable fundamentals and a talented workforce. We share a common focus on safety, operational excellence, and customer service, and we look forward to supporting continued growth in the market.”
Vivo Energy’s operational model centres on empowered local management teams that effectively serve customers and stakeholders—an approach the company intends to implement in Jordan.
Mittelman outlined the company’s vision for the Jordanian operations: “This acquisition aligns perfectly with our strategy to build a stronger, more diversified downstream energy company. Upon completion, we intend to introduce our Engen retail brand, and bring additional technical expertise and innovation to Jordan, while respecting and learning from the deep local knowledge and experience of the existing team.”
Completion of the transaction remains subject to regulatory approvals and fulfilment of conditions precedent. Until the transaction closes, TotalEnergies will continue operating the business and will collaborate closely with Vivo Energy to ensure a seamless transition for employees, dealers, partners, and customers.
The acquisition represents Vivo Energy’s commitment to building a more diversified downstream energy portfolio while leveraging local expertise and maintaining operational excellence across its expanded network.
For more information visit www.vivoenergy.com
