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Business Insider Africa·1 min read·easy

Abu Dhabi oil giant snaps up Shell’s South African business in $1billion Africa expansion

Abu Dhabi oil giant snaps up Shell’s South African business in $1billion Africa expansion
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ADNOC Distribution, an Abu Dhabi-based oil company, has acquired Shell's downstream business in South Africa for $1 billion. The deal includes a vast network of service stations, aviation fuel operations, and convenience stores.

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The acquisition gives ADNOC Distribution control of Shell Downstream South Africa, including 580 company- and dealer-owned service stations, wholesale fuel operations, aviation and marine fuels, lubricants, and a network of 360 convenience stores tha... [4195 chars]

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Abu Dhabi oil giant snaps up Shell’s South African business in $1billion Africa expansion — Headlinne — headlinne