Vitol completes acquisition of Shell's Australian downstream business (Scandinavian Oil-Gas Magazine)

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Vitol completes acquisition of Shell's Australian downstream business

Published Aug 14, 2014

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Viva Energy Australia ('Viva Energy') was launched, following the completion of Vitol's acquisition of Shell's Australian downstream business.

Viva Energy comprises Shell's Geelong refinery and 870-site retail business, along with its bulk fuels, bitumen, chemicals and part of its lubricants businesses in Australia. Viva Energy will be the exclusive distributor of Shell branded fuels and lubricants in Australia. The majority of Shell's downstream staff in Australia will remain with Viva Energy.

In February 2014, Vitol announced it had reached a binding agreement with Shell to acquire its Australian downstream business (excluding Aviation) for a total consideration of A$2.9 billion (US$2.6 billion).

Tags: Viva Energy Australia

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