Allen & Overy (A&O) and Skadden Arps Slate Meagher & Flom have won the lead mandates on Shell's $1bn (£617m) sale of parts of its African business. The deal, which comes as Shell moves to sell off non-core operations, will see oil trader Vitol and private equity firm Helios Investment Partners acquire the majority of Shell's shareholdings in its downstream businesses in Africa.
February 22, 2011 at 04:33 AM
1 minute read
The original version of this story was published on Legalweek
Allen & Overy (A&O) and Skadden Arps Slate Meagher & Flom have won the lead mandates on Shell’s $1bn (£617m) sale of parts of its African business.
The deal, which comes as Shell moves to sell off non-core operations, will see oil trader Vitol and private equity firm Helios Investment Partners acquire the majority of Shell’s shareholdings in its downstream businesses in Africa.
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