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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 African footprint
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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.
