Allens advises underwriters on $714m block trade in Viva Energy

Capital Markets

Allens has advised the underwriters of the $714 million block trade by Vitol Investment Partners of shares in Viva Energy Group Limited (Viva Energy), representing approximately 16.1 per cent of the company.

Following the block trade, Vitol Investment Partners will continue to have an interest in approximately 30 per cent of Viva Energy's shares, and Viva Energy's free float will increase to approximately 70 per cent.

The sale is the first by Vitol Investment Partners since Viva Energy's IPO in 2018, on which Allens also acted, advising the joint lead managers.

'We are delighted to have advised BofA Securities and UBS as the underwriters on one of the largest block trades to date in 2023,' said lead Partner Julian Donnan.

'The IPO market has been quieter year to date than hoped for, so we have been pleased to be represented on other ECM matters, whether it be secondaries, underwritten DRPs, or block trades.'

Allens legal team


Julian Donnan (lead Partner), Robert Pick (Partner), Addison Ma (Senior Associate)