In February 2011, Helios, in partnership with Vitol Group (“Vitol”) reached an agreement to purchase for approximately $1 billion the downstream fuels business of Royal Dutch Shell PLC (“Shell”) in a number of African countries. Vivo Energy, the company that distributes and markets Shell-branded fuels and lubricants in 16 African countries, was set up on 1st December 2013. Helios and Vitol each own 40% of Vivo Energy, with Shell holding the remaining 20%. In addition, Helios holds a 25% share in Shell and Vivo Lubricants (SVL), an exclusive, Pan-African joint venture for the blending, packaging and regional sales of lubricants.
- Sector: Fuel and Lubricants
- Country / Region: Botswana, Burkina Faso, Cape Verde, Ghana, Guinea, Ivory Coast, Kenya, Madagascar, Mali, Mauritius, Morocco, Mozambique, Namibia, Senegal, Tunisia, Uganda, Western Sahara
- Website: http://www.vivoenergy.com/