ADNOC Distribution to buy Shell South Africa downstream business in $1 billion deal | CNBC Africa
July 7 (Reuters) – ADNOC Distribution said on Tuesday it had agreed to buy Shell’s downstream business in South Africa for an implied enterprise value of about $1 billion, marking its largest overseas acquisition yet as it expands beyond the Gulf
Adnoc Distribution to Partner with Reatile Group on Shell’s Downstream Business in South Africa
Abu Dhabi National Oil Co. for Distribution (ADX:ADNOCDIST), d/b/a Adnoc Distribution, unveiled that it will team up with Reatile Group on the South African downstream business that the former is purchasing from energy giant Shell (SHEL.L, SHELL.AS).The fuel distributor said Thursday it agreed to divest a minority interest in Shell Downstream South Africa to the…
Adnoc Distribution buys Shell’s South Africa downstream business in $1 billion deal
Adnoc Distribution buys Shell’s South Africa downstream business in $1 billion deal