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ADNOC Confirms $1 Billion Acquisition of Shell's South Africa Downstream Assets
Abu Dhabi National Oil Company has confirmed the $1 billion acquisition of Shell's South African downstream operations, including approximately 580 fuel retail stations. The deal represents a landmark ownership shift in South Africa's downstream energy sector as Gulf capital accelerates its presence on the continent.
2 sources
- Adnoc confirme le rachat des activités Shell en Afrique du Sud pour 1 milliard USD · financialafrik.com · T2
- End of an era for Shell fuel stations in South Africa · mybroadband.co.za · T2