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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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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.
