Shell is reportedly in exclusive negotiations with Vitol Group for its African investments. The acquisition of Shell Oil Products Africa (Shell) downstream businesses is currently at a stage of final price and subject to regulatory requirements.Vitol is likely to close the deal with Helios Investment Partners for a share of Shell's Retail, Commercial Fuels, Lubricants, Liquefied Petroleum Gas (LPG), Bitumen, Aviation and Marine.
Confirmed countries in the list are Morocco, Tunisia, Egypt, Cote d’Ivoire, Madagascar, Mauritius, Cape Verde, Kenya, Uganda, Tanzania, Botswana, Burkina Faso, Ghana, Togo, Senegal, Mali, Guinea, , Namibia and La Reunion.
This will include 1300 retail sites including a massive 1,200,000 cubic metres of terminal storage. Shell is currently employing 2500 staff in Africa. Although it is still in discussion stage, Shell is likely to retain portion of shares in the business including it's brand name.
The exercise is seen as Shell's risk divestment strategy that has been as part of the company strategic direction.
Confirmed countries in the list are Morocco, Tunisia, Egypt, Cote d’Ivoire, Madagascar, Mauritius, Cape Verde, Kenya, Uganda, Tanzania, Botswana, Burkina Faso, Ghana, Togo, Senegal, Mali, Guinea, , Namibia and La Reunion.
This will include 1300 retail sites including a massive 1,200,000 cubic metres of terminal storage. Shell is currently employing 2500 staff in Africa. Although it is still in discussion stage, Shell is likely to retain portion of shares in the business including it's brand name.
The exercise is seen as Shell's risk divestment strategy that has been as part of the company strategic direction.
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