Shell agrees sale of Australia aviation business to viva Energy

Shell agrees sale of Australia aviation business to viva Energy

Shell has signed an agreement with viva Energy Australia Pty Ltd (“Viva Energy”) for the sale of Shell Aviation Australia Pty Ltd for a complete transaction price of approximately $250 million USD. It follows the sale of Shell’s different downstream activities in the country to viva Energy in 2014.

The Shell brand can remain visible across the aviation refuelling network in the country through a trademark licencing agreement as a part of the sale. viva Energy can still supply aviation customers with Shell branded fuel under existing contracts. The transaction is expected to complete by mid-2017, subject to regulatory approval. employees of Shell Aviation Australia can stay employed by the company as it transfers to new ownership.

Viva Energy already sells Shell branded Fuels and Lubricants under license in Australia and can continue to do thus, including for aviation, after the sale completes.

Shell’s upstream operations in Australia, that include exploration, production and gas commercialisation, are not impacted by this announcement. Shell remains one of Australia’s largest private sector investors.