POST Online Media Lite Edition


Shell sold its 20% stake in Vivo Energy Holding B.V. for $250 million

Staff Writer |
Shell has completed the sale of its 20% interest in Vivo Energy Holding to Vitol Africa for a total amount of $250 million.

Article continues below

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.

What to read next

Idemitsu Kosan to buy 33.24% of Showa Shell Sekiyu from Shell
Standard Life Investment not happy with Shell-BG deal
Glencore interested in oil assets in Nigeria