Deals
Vitol, Carlyle to Announce Varo Energy IPO Next Week
- Listing could value the company at about $2.5 billion
- Rotterdam-based refiner is expected to list in Amsterdam
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Oil trader Vitol Group and buyout firm Carlyle Group are set to announce plans for an initial public offering of their European refiner and service-station operator Varo Energy BV as early as Monday, according to people familiar with the matter.
The listing, expected on the Amsterdam stock exchange, could value the Rotterdam-based company at about 2 billion euros ($2.5 billion), people familiar with the plans have said previously.