Shell sold its 20% stake in Vivo Energy Holding B.V. for $250 million
This sale was earlier announced on 23 December 2016 when Shell signed an agreement to divest its interest in this venture.
Completion of the transaction follows regulatory approval and is consistent with Shell’s strategic commitment to focus downstream activity in areas where it can be most competitive.
Shell fuels and products will continue to be available in 16 countries in Africa via a long-term brand licence agreement with Vivo Energy. ■