Shell completes sale 20 pc stake in Vivo Energy $250 mn

Shell completes sale of 20 pc stake in Vivo Energy for $250 mn

7:13 AM, 27th April 2017
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THE HAGUE, NETHERLANDS: Royal Dutch Shell plc has completed the sale of its 20 percent interest in Vivo Energy Holding BV to Vitol Africa BV for a total amount of $250 million.

This sale was earlier announced on 23 December 2016. Completion of the transaction 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.

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