South Africa · Energy
Key Facts
—The deal: Abu Dhabi’s ADNOC Distribution will acquire Shell Downstream South Africa at an implied enterprise value of about US$1 billion — its largest overseas acquisition, per Gulf News.
—The assets: 580 service stations plus wholesale fuel, aviation and lubricants operations — roughly a tenth of South Africa’s fuel retail market.
—The scale jump: The network grows about 55 per cent to roughly 1,600 sites, and South Africa becomes the group’s fourth market after the UAE, Saudi Arabia and Egypt.
