EMEA News
Shell Finalises Sale of 20% Interest in Vivo Energy
Wednesday April 26, 2017
Royal Dutch Shell plc (Shell) today announced that it has completed the $250 million sale of its 20 percent interest in Vivo Energy Holding B.V. (Vivo Energy) - which supplies fuels and lubricants to marine markets, among other activities - to Vitol Africa B.V. (Vitol Africa).
As Ship & Bunker reported in December, the sale is said align with Shell's strategy to concentrate its Downstream operations 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," noted Shell.
