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ADNOC Distribution makes $1 billion move into South Africa fuel market
ADNOC Distribution to buy Shell Downstream South Africa in a $1 billion deal, gaining 580 fuel stations, aviation fuel operations and a major African growth platform.
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thenationalnews.com
Adnoc Distribution to acquire Shell Downstream South Africa to boost global portfolio | The National
With enterprise value of $1bn, deal is expected to be closed next year
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gulfnews.com
ADNOC Distribution makes $1 billion move into South Africa fuel market
ADNOC Distribution to buy Shell Downstream South Africa in a $1 billion deal, gaining 580 fuel stations, aviation fuel operations and a major African growth platform.
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businessday.co.za
UAE group snatches up Shell’s SA fuel stations in R16bn deal
Deal reflects company’s confidence in SA’s well-regulated fuel retail sector
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Abu Dhabi royal family-backed firm buys Shell’s SA fuel stations in R16bn deal
Deal reflects company’s confidence in SA’s well-regulated fuel retail sector
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iol.co.za
ADNOC puts $1bn on the table for Shell Downstream South Africa
Abu Dhabi's ADNOC Distribution is buying Shell's South African fuel retail business in a R16 billion deal covering 580 service stations.
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energydigital.com
Why is Shell Selling Gas Stations to ADNOC in South Africa?
The Abu Dhabi National Oil Company (ADNOC) is paying US$1bn for 580 Shell service stations, marking the firm's fourth overseas expansion since 2018
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UAE’s Adnoc sees $1bn Shell SA deal as ‘cash accretive from day one’
CEO Bader Saeed Al Lamki says South Africa presents a powerful investment destination
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africa.businessinsider.com
Abu Dhabi oil giant snaps up Shell’s South African business in $1billion Africa expansion
ADNOC Distribution will acquire Shell’s South African downstream business for $1 billion, giving the Abu Dhabi energy group control of 580 service stations and expanding its…
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WATCH | Abu Dhabi’s Adnoc outlines its plans for Shell’s SA retail fuel business
Business Day TV gets more details from Adnoc Distribution CFO Ali Siddiqi