Vitol retains 45% stake in Viva Energy after IPO issuance
Vitol Investment Partnership will retain a 45% stake in Viva Energy after having raised A$2.65 billion ($1.96 billion) in an initial public offering (IPO). The trader and its unnamed partners sold a 55% stake in the Australian refining and marketing company via an issue price set at A$2.50 a share,...