Vantage Capital expands its African exposure by funding Pétro Ivoire in Côte d’Ivoire

Vantage Capital has provided mezzanine funding of €19 million (R310 million) to Pétro Ivoire which is a distributor of petroleum products in Côte d’Ivoire. Pétro Ivoire has 72 petrol stations in all regions of Côte d’Ivoire and the company is also the largest gas distributor of over 1 million gas canisters. The company sold over 200 million litres of petroleum products in 2017. Vantage Capital will manage the company with the founding family. The company was founded in 1994 by Mathieu Kadio-Morokro and has risen to become the 3rd largest petroleum operator in the country.

 

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