Vitol and Helios aquire Vivo Energy interest from Shell

Helios Investment Partners and Vitol have agreed the acquisition of Shell’s 20% shareholding in Vivo Energy for $250mn. On completion in 1H2017, Vivo will be owned 100% by Vitol and Helios. At the same time, a long-term brand licence agreement has been renewed with Shell soVivo Energy will continue to operate under the Shell brand.  Vivo Energy, the company behind the Shell brand in Africa, was created by Helios, Vitol and Shell in 2011 when Shell divested its majority share in its downstream operations in 14 African markets. Since then, its shareholders have made significant investments in people and assets, expanding the retail network from 1,300 to 1,700+ stations and its presence to 16 countries. Vivo Energy plans an additional $300mn of investment over the next three years.