Shell Negotiating Sale of South African Fuel Stations to ADNOC
Shell is in advanced negotiations to sell its 600 South African fuel stations to ADNOC for approximately $1 billion. The deal would give ADNOC a 10% share of South Africa's fuel retail market. The potential sale aligns with Shell's broader strategy to exit downstream operations in the region.
Tickers: $SHEL
Topics: ADNOC Corporate Strategy Energy Market Fuel Stations Shell South Africa