Dubai Firm In The Running To Acquire Shell Downstream South Africa In $1 Billion Deal
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Dubai Firm In The Running To Acquire Shell Downstream South Africa In $1 Billion Deal
South Africa’s downstream fuel sector could see a major shake-up as Abu Dhabi National Oil Co. (Adnoc) emerges as a leading contender to acquire Shell Plc’s downstream assets in the country. The deal, reportedly valued at around $1 billion, would see the Gulf oil giant take over one of South Africa’s most iconic energy brands, marking a significant pivot in the local fuel supply landscape. The potential acquisition follows Shell’s confirmation l…
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