Aus aviation business sold
An iconic Australian aviation business has been acquired by Viva Energy Australia Pty Ltd.
Firms: Clifford Chance (Royal Dutch Shell); Undisclosed (Viva Energy Pty Ltd)
Deal: Royal Dutch Shell has sold its aviation business, Shell Aviation Australia, to Viva Energy Australia Pty Ltd.
Value: US$250 million
Key players: The legal team advising Royal Dutch Shell was led by Clifford Chance partner and co-head of the firm’s oil and gas practice, Tracey Renshaw.
Deal significance: This transaction will see the Shell brand remain visible across the aviation refuelling network through a trademark licensing agreement as part of the sale.
Viva Energy will continue to supply aviation customers with Shell-branded fuel under existing contracts.
The transaction is expected to be completed by mid-2017, subject to regulatory approval. Employees of Shell Aviation Australia will remain employed by the company as it transfers to new ownership.
“We are proud to be able to continue to support Shell on what is a very significant transaction in the Australian market and for the global downstream industry more broadly,” said Clifford Chance partner Tracey Renshaw.