Done: Transfer of its activities in Africa in the Swiss Vitol Group and HELIOS investment funds amounting to USD 1 Ms
Analysis: The giant Anglo-Dutch oil has just announced the sale of most of its downstream activities (distribution of petroleum products) in Africa including Morocco, Switzerland Vitol Group and the investment funds and HELIOS, for a total amount of around the USD 1 Ms SHELL should nevertheless continue to have interests in these activities, which should be grouped in two joint ventures.
Before collecting the assets of Shell in 14 African countries, the first joint venture would be owned 80% by Vitol and HELIOS and 20% by Shell. Increased to 50% by Shell and 50% by Vitol and HELIOS, the second joint venture would in turn consolidate the manufacturing of automotive lubricants SHELL in 7 countries. Note that fuel and other petroleum products concerned by this transaction should continue to be distributed under the Shell brand. In Morocco, SHELL employs over 5,000 people and has 355 stations services.
Conclusion: As part of its strategy to restructure its downstream activities, the partial assignment in Africa attests to the will of the Shell Group to focus on the extraction and to a lesser extent refining.
Analysis: The giant Anglo-Dutch oil has just announced the sale of most of its downstream activities (distribution of petroleum products) in Africa including Morocco, Switzerland Vitol Group and the investment funds and HELIOS, for a total amount of around the USD 1 Ms SHELL should nevertheless continue to have interests in these activities, which should be grouped in two joint ventures.
Before collecting the assets of Shell in 14 African countries, the first joint venture would be owned 80% by Vitol and HELIOS and 20% by Shell. Increased to 50% by Shell and 50% by Vitol and HELIOS, the second joint venture would in turn consolidate the manufacturing of automotive lubricants SHELL in 7 countries. Note that fuel and other petroleum products concerned by this transaction should continue to be distributed under the Shell brand. In Morocco, SHELL employs over 5,000 people and has 355 stations services.
Conclusion: As part of its strategy to restructure its downstream activities, the partial assignment in Africa attests to the will of the Shell Group to focus on the extraction and to a lesser extent refining.
BMCE Capital Bourse
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