Vivo Energy Acquires Majority Shareholding in Shell Ghana Limited

Dated: 10/08/2013

Vivo Energy, the company formed by Vitol, Helios Investment Partners and Shell to distribute and market Shell-branded fuels and lubricants across Africa, acquired a majority shareholding in Shell Ghana Limited on 1st August 2013.

Christian Chammas, the Chief Executive Officer of Vivo Energy, visited Accra to talk about the company’s commitment to Ghana and the opportunities to grow.

“With the addition of Ghana to our portfolio, Vivo Energy now operates in 16 countries.  Africa is a fast growing continent and our shareholders will invest well in excess of $250 million over the next three years to take advantage of this growth”, says Chammas.

 “Ghana is an important market and a growing economy which is set to benefit from significant developments in the energy sector”, he continues. “We are acquiring a business with great potential; a long history in Ghana, a high calibre workforce, quality assets and a large and diversified customer base.  Vivo Energy is looking forward to serving all our customers and investing in the business, to ensure it realises its full potential”.

Fred Osoro, Managing Director of Vivo Energy Ghana, notes that: “Vivo Energy Ghana’s commitment to the Shell brand will not change.  For our retail customers, our service stations will continue to be Shell branded and provide high quality products and the highest level of service. For our commercial customers only the company name has changed.  Vivo Energy Ghana will continue to meet their business needs by ensuring the reliable supply of quality Shell branded fuels and lubricants, and by building and maintaining an unrivalled reputation for safety, service excellence and technological leadership”.

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Vivo Energy operates in Retail; Commercial Fuels (Marine and Mining), Aviation (in partnership with Vitol Aviation); Liquefied Petroleum Gas; Lubricants and Bitumen in Botswana, Burkina Faso, Cape Verde, Cote d’Ivoire, Guinea, Kenya, Madagascar, Mali, Mauritius, Morocco, Mozambique, Namibia, Senegal, Tunisia, Uganda and now Ghana.

Vivo Energy employs around 2,000 permanent employees and operates 1,300 retail stations under the Shell brand and has access to approximately 900,000m³ of storage. Shell and Vivo Lubricants has blending capacity at plants in seven countries (Cote d’Ivoire, Ghana, Guinea, Kenya, Morocco, Tunisia and Senegal) producing Shell branded lubricants.
The Shell brand has been in Ghana for 85 years and Shell has been the leading marketer of fuels and lubricants. Vivo Energy Ghana has a storage capacity of nearly 11,000m³ and 124 retail stations with the majority offering Shell Cards and convenience retail stores.  Over the years, the company expanded its portfolio by acquiring Texaco in 1988. Vivo Energy Ghana employs 134 people but the business provides indirect employment to over 1,000 people. The company is recognised as a leader in the oil industry especially championing and setting standards for safety in sales and distribution.

Credit/Source: http://www.vivoenergy.com/fr-fr/nossites/ghana/actualit%C3%A9s.aspx

For more info about Vivo Energy visit:  http://www.vivoenergy.com/

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