Viva Energy (ASX:VEA) secures extension of Shell brand licence

Company News

by Katrina Bullock

Viva Energy (ASX:VEA) has made an agreement with Shell Brands International to extend its license of the Shell brand on retail automotive fuels in Australia.

The licence will be extended to 31 December 2029 on substantially the same commercial terms as the existing agreement.

CEO of Viva Energy, Scott Wyatt, says “Viva Energy has long history as the custodian of the Shell brand on retail automotive fuels in Australia, and we are excited and proud to continue that history”.

Viva Energy supplies approximately a quarter of the Australia’s liquid fuel requirements through a network of more than 1,200 service stations.

Shares in Viva Energy (ASX:VEA) are trading 1.02 per cent lower at $1.95.

Katrina Bullock

Finance News Network
Katrina is a respected TV journalist, as well as a renowned presenter and award winning lawyer. She holds a Bachelor of Laws (Honours 1st class, division 1), a Bachelor of Business (with Distinction) and is currently undertaking a PhD in Law focused on stock exchange disclosures and corporate governance. She began her career as a corporate lawyer in an Australian top tier commercial law firm and is currently the General Counsel of Greenpeace Australia Pacific. In 2020 Katrina was named one of the 30 best lawyers in Australia under 30 by Lawyer's Weekly.