Shell this morning confirmed it has completed the sale of its aviation business in Australia.
The deal, which was first announced in December last year, is worth $250million.
Viva Energy is now the exclusive licensee of all Shell branded fuels and lubricants in Australia.
As part of the transaction, 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.
A spokeswoman said: “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.”
The move is part of Shell’s $30billion divestment bid in the wake of its mega-takeover of BG. The operator has already surpassed the halfway point in its divestment goal in year one of its its three year plan.
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