80 Days
Source:
Sky News
Adnoc Distribution Signs Agreements to Acquire Shell South Africa Downstream Business
Adnoc Distribution has announced the signing of an agreement to acquire 100% of the capital of Shell Downstream South Africa, with an estimated value of one billion dollars. The deal is set to be completed in 2027, after fulfilling regulatory requirements. Subsequently, there will be a sale of a 28% share in the company to a local partner, aimed at supporting Adnoc's expansion in the African market and sustaining its operations in South Africa, while maintaining its customers under the Shell brand.
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