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

With enterprise value of $1bn, deal is expected to be closed next year

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.

Deal reflects company’s confidence in SA’s well-regulated fuel retail sector

Deal reflects company’s confidence in SA’s well-regulated fuel retail sector