Agreement on acquisition of Africa downstream businesses

19th February 2011

LONDON, February 19, 2011 – Helios Investment Partners, in partnership with Vitol, has agreed to purchase the majority of Shell’s shareholding in most of their downstream businesses in Africa for some $1 billion. Under the agreement, Shell will retain equity in the two new joint venture companies that are to be formed. All of the retail, commercial fuels and lubricants businesses associated with the transaction will continue to operate under the Shell brand in the 14 African countries concerned.

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