12 Hrs
Source:
الاقتصادية
Adnoc Distribution finalizes Rietail deal on Shell South Africa
Adnoc Distribution has finalized a definitive agreement with Rytail Group for Rytail to acquire a minority stake in Shell Downstream South Africa Limited, following the completion of the proposed acquisition of Shell South Africa. This collaboration aligns with the broader goal of supporting economic empowerment policies in South Africa and is subject to the necessary regulatory approvals. Rytail Group is a diversified investment company focused on addressing energy challenges across Africa, with a successful track record spanning 23 years in managing and developing energy businesses.
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