July 12, 2018 / 6:23 AM / in 8 days

Vitol partnership to keep 45 pct stake in Viva Energy

MELBOURNE, July 12 (Reuters) - Vitol Investment Partnership will retain a 45 percent stake in Viva Energy, after having raised A$2.65 billion ($1.96 billion) in an initial public offering of the Australian refining and marketing company, Viva said on Thursday.

Global energy trader Vitol 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.

$1 = 1.3552 Australian dollars Reporting by Sonali Paul; editing by Richard Pullin

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