Australia: Shell completes sale of aviation business to Viva Energy

After announcing the deal in 2016, Shell has finalized the sale of its aviation business in Australia.

Following regulatory approval, Shell has completed the sale of its Australian aviation business to Viva Energy Australia for a total transaction value of approximately US$ 250 million, including working capital.

Viva Energy is the exclusive licensee of all Shell branded fuels and lubricants in Australia. The Shell brand remains visible across the aviation refueling network in Australia and Viva Energy will continue supply to aviation customers as per existing agreements.

Shell’s upstream operations in Australia, which include exploration, production and gas commercialisation, are not impacted by this announcement. Shell remains one of Australia’s largest private sector investors, according to a press release.