Royal Dutch Shell is selling its Australian aviation businesses

By Harry Allan

Royal Dutch Shell is selling its Australian aviation fuels business to Viva Energy Australia for around A$342.7 million.

In a recent statement, Shell said the deal is expected to be completed by the middle of next year and it Shell Aviation Australia employees will keep their jobs at the new company after the business changes hands.  

Viva Energy was formed in 2014 with the acquisition of Shell’s Geelong refinery in Australia and its 870-site retail business, along with its bulk-fuels and chemicals businesses, in a deal that was worth about $US2.6 billion.

Viva Energy Chief Executive Scott Wyatt said the company has been the exclusive supplier Shell’s jet fuel in Australia for the past two years, and the acquisition of the business would allow the company to expand into airports and provide direct supplies to customers.

Viva Energy currently sells Shell-branded fuels and lubricants in Australia under license and will continue to do so after the deal.

Business Review Australia's December issue is now live. 

Follow @BizReviewAU and @MrNLon on Twitter. 

Business Review Australia is also on Facebook.

SOURCE: [The Australian]



Featured Articles

Hybrid live event shaping the future of Sustainability & ESG

Sustainability LIVE London returns for a two-day, multi-track conference programme featuring inspirational ESG speakers, debates and discussions

Nine must-attend sustainability events for business leaders

From London to Abu Dhabi, Singapore to San Diego, these sustainability-focused events are designed to help business leaders action their ESG goals

Daniel Weise of BCG on new supply chain and procurement book

Daniel Weise, global leader of Boston Consulting Group’s procurement business line, on the timely publication of his new book, Profit From The Source

Attract and retain talent with flexible working and benefits

Human Capital

Nurturing the next generation of women leaders in Africa

Leadership & Strategy

5 Mins With: Cybersecurity expert Ariel Parnes of Mitiga