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Mauritius
In December 2011, Vitol, Helios and Shell completed the first phase of the deal announced in February 2011.
Vitol and Helios have acquired the majority of Shell’s shareholding in its downstream businesses in Cape Verde, Mauritius, Madagascar, Mali, Morocco, Senegal and Tunisia- launching the joint-venture Vivo Energy in these countries. As a result, local companies have changed names to Vivo Energy Maroc, Vivo Energy Tunisie; Vivo Energy Senegal, Vivo Energy Madagascar, Vivo Energy Mauritius, Vivo Energy Mali, Vivo Energy Cabo Verde.
Vitol and Helios each own 40% of Vivo Energy, with Shell holding the remaining 20%. For further information on Vivo Energy please go to www.vivoenergy.com.
Shell, Vitol and Helios will now focus on resolving the remaining regulatory and legal issues for the completion of this transaction in all the remaining countries during 2012.
