Shell completes sale of Vivo Energy to Vitol Africa BV

ShellgasstationlosthillsShell complete the sales of its stake of Vivo Energy to Vitol Africa BV. (Image source: Coolcaesar/Commons)Shell has completed the sale of its 20 per cent interest in Vivo Energy Holding B.V. to Vitol Africa B.V. for a total amount of US$250mn

The announcement of the sale was earlier made on 23 December 2016, when Shell signed an agreement to divest its interest in the 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.

Vivo Energy, the Shell licensee in 16 African markets, was established on 1 December 2011 to distribute and market Shell-branded fuels and lubricants. Vivo Energy provides solutions for motorists and businesses in Botswana, Burkina Faso, Cape Verde, Ghana, Guinea, Ivory Coast, Kenya, Mali, Mauritius, Madagascar, Morocco, Mozambique, Namibia, Senegal, Tunisia and Uganda. For businesses, it provides fuels, lubricants, and LPG to business customers across a range of sectors including marine, mining, and manufacturing. Jet fuel is sold to customers at 23 airports though a partnership with Vitol Aviation. The company employs around 2,300 people, operates over 1,700 retail service stations under the Shell brand and has access to approximately 900,000 cubic metres of fuel storage capacity. Shell and Vivo Lubricants has blending capacity of around 124,000 metric tonnes at plants in six countries (Ghana, Guinea, Ivory Coast, Kenya, Morocco, and Tunisia) producing Shell branded lubricants. For more information about Vivo Energy

The company employs around 2,300 people, operates over 1,700 retail service stations under the Shell brand and has access to approximately 900,000 cubic metres of fuel storage capacity. Shell and Vivo Lubricants has blending capacity of around 124,000 metric tonnes at plants in Ghana, Guinea, Ivory Coast, Kenya, Morocco, and Tunisia, producing Shell branded lubricants.

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