Vivo Energy says takes majority shares in Shell Ghana
Dutch firm, Vivo Energy says it has acquired majority shares in Shell Ghana Limited, the company announced August 1, 2013 without giving details.
The deal will now lead to the renaning and rebranding of Shell Ghana by Vivo Energy, a company formed by Vitol, Helios Investment Partners and Shell.
Shell Ghana will now be called Vivo Energy Ghana with a new Managing Director, Mr Fred Osoro, it said in a statement.
“We are acquiring a business with great potential; a long history in Ghana, a high calibre workforce and a large and diversified customer base,” said Christian Chammas, CEO of Vivo Energy.
Shell has been in Ghana for 85 years and is one of the leading marketers of fuels and lubricants.
By Ekow Quandzie