SEFAS acquires Shell’s fuel retail business in Indonesia
The transaction will give the Indonesian company full ownership of Shell’s gas station network in the country, while branding will remain under a licensing agreement.
SEFAS Group has agreed to acquire 100% of Shell’s retail fuel station business in Indonesia, marking a significant development in the country’s energy retail sector.
The transaction remains subject to regulatory approvals and other customary conditions, with completion expected later this year. Once finalized, SEFAS will assume full ownership of Shell’s gas station operations in Indonesia.
The company is already the energy giant’s largest lubricant distributor in Indonesia. According to SEFAS Group CEO Ricky Roesli, the acquisition represents the company’s next step in supporting the growth of the country’s energy retail market.
The company stated that its immediate priority will be ensuring a smooth transition while maintaining safe and reliable operations across the retail network. Customers, employees and business partners are expected to experience continuity throughout the process.
Although ownership of the business will change, Shell’s brand will continue to be visible at service stations in Indonesia through a trademark licensing arrangement. This will allow customers to continue accessing branded products and services after the transaction is completed.
