Vivergo Buy Out

May 13, 2015 12:00 am

Associated British Foods (ABF) has purchased BP’s stake in the Vivergo bioethanol operation on Humberside.  ABF is taking on the oil company’s 47% share to bring its ownership in the venture up to 94%.  The price has not been disclosed.  DuPont is the other investor in the facility.  In February, ABF made a £98m write-down in the book value of its Vivergo investment as a result of falling oil prices and currency movements.


Categorised in: