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BRIEF-Vitol and Helios Investment to buy Shell's stake in Vivo for $250 mln
December 23, 2016 / 1:55 PM / in 10 months

BRIEF-Vitol and Helios Investment to buy Shell's stake in Vivo for $250 mln

Dec 23 (Reuters) - Vitol SA:

* Helios Investment Partners and Vitol have agreed on the acquisition of Shell’s 20 pct shareholding in Vivo Energy for $250 mln

* On completion, Vivo will be owned 100 pct by Vitol and Helios

* Along-term brand licence agreement has been renewed with Shell such that Vivo Energy will continue to operate under the Shell brand

* The transaction is expected to close during the first half of 2017 Further company coverage: (Bengaluru Newsroom)

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