Aus aviation business sold

By Emma Ryan|05 January 2017
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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

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Area: M&A

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.

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“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.

 

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