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Vivo Energy - 2nd phase of Africa transaction completes
Today Vitol, Helios Investment Partners (Helios) and Shell have completed the second phase of the transaction that was first announced on February 19th 2011. Vitol and Helios have acquired the majority of Shell’s shareholding in their businesses in Cote D'Ivoire, Burkina Faso and Guinea as well as the service company Africa Downstream Oil Products (ADOP), the employing company for those Vivo Energy staff who are based in South Africa. These companies will now become part of Vivo Energy, joining the seven companies that transferred to Vivo Energy on December 1st last year. These were Cape Verde, Mauritius, Madagascar, Mali, Morocco, Senegal and Tunisia.

date.png01 Mar 2012 11:43 | comments.png 0 Comments | tags.png burkina-faso cote-d'ivoire deals downstream guinea shell vitol [ More ]
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