THE HAGUE, NETHERLANDS: Royal Dutch Shell plc has signed an agreement with Viva Energy Australia Pty Ltd (Viva Energy) for the sale of Shell Aviation Australia Pty Ltd for a total transaction value of approximately $250 million. Following the sale of Shell’s other downstream activities in the country to Viva Energy in 2014.
The Shell brand will remain visible across the aviation refuelling network in the country through a trademark licensing agreement as part of the sale. Viva Energy will continue to supply aviation customers with Shell branded fuel under existing contracts. The transaction is expected to close by mid-2017. Employees of Shell Aviation Australia will remain employed by the company as it transfers to new ownership.
Viva Energy already sells Shell-branded fuels and lubricants under license in Australia and will continue to do so, including for aviation, after the sale completes.
Shell’s upstream operations in Australia, which include exploration, production and gas commercialization, are not impacted by this transaction. Shell remains one of Australia’s largest private sector investors.
Read More: Shell sells its Australian aviation business for $250 million
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