Admin l Wednesday, May 31, 2017
AUSTRALIA – Following regulatory approval, Shell has completed the sale of its Australian aviation business (“Shell Aviation Australia Pty Ltd”) to Viva Energy Australia Pty Ltd (“Viva Energy”).
The value of the transaction is approximately US$ 250 million, including working capital. This sale was announced on 19 December 2016.
Viva Energy is the exclusive licensee of all Shell branded fuels and lubricants in Australia.
“The Shell brand remains visible across the aviation refueling network in Australia and Viva Energy will continue supply to aviation customers as per existing agreements.
“Shell’s upstream operations in Australia, which include exploration, production and gas commercialisation, are not impacted by this announcement. Shell remains one of Australia’s largest private sector investors”, Shell said in a statement.
