Adnoc Distribution Completes Acquisition of Shell Downstream South Africa

Adnoc Distribution announced the signing of a definitive agreement to acquire Shell Downstream South Africa for an estimated value of one billion dollars. The transaction is expected to be completed by 2027 after obtaining regulatory approvals. Following the acquisition, Adnoc will be allowed to use the Shell brand logo for the long term in South Africa, with service stations and oil services continuing to operate under the same brand. The company confirmed that the deal supports its international expansion and strengthens its position in the fuel distribution sector in Africa, with an anticipated increase in profitability of 6% in the first fiscal year.

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