ADNOC Distribution has announced a $1 billion acquisition of Shell Downstream South Africa, marking a significant step in its international growth strategy and promising to enhance the South African fuel retail sector

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

CEO Bader Saeed Al Lamki says South Africa presents a powerful investment destination