EU Clears Vitol, Helios, Shell To Acquire Plateau, BV3
June 01 2011 - 12:18PM
Dow Jones News
The European Commission has cleared Vitol Holding BV, Helios
Investments Partners LLP (HEAL.RQ) and Royal Dutch Shell PLC (RDSA)
to acquire joint control of Dutch companies Plateau Holding and
BV3.
As a result of the acquisition, Shell's downstream gas, oil and
petroleum products distribution business in 14 African countries
and its lubricants production business and wholesale distribution
in seven African countries will be acquired by Vitol, Helios and
Shell.
Vitol is Netherlands-based commodities trader. Helios is an
Africa-focused private investment firm.
-By Laurence Norman, Dow Jones Newswires; 32-2741-1481;
laurence.norman@dowjones.com