Adnoc Distribution will buy Shell's South Africa fuel stations, gaining 580 sites and expecting EPS accretion after closing.

The deal hands Abu Dhabi state oil company’s retail arm 580 gas stations and a 10% market share in Africa’s largest economy.

ADNOC Distribution (ISIN: AEA006101017) (Symbol: ADNOCDIST) today announced that it has entered a definitive agreement to acquire 100% of the share capital of Shell Downstream South Africa ("SDSA") ...

Adnoc Distribution said it has agreed to buy Shell's South African fuels business for $1 billion, including debt. The subsidiary of Abu Dhabi National Oil Company will acquire 580 fuel stations, as ...

ADNOC Distribution has announced a $1 billion acquisition of Shell Downstream South Africa, marking a significant step in its ...

The UAE’s state energy company has agreed to buy Shell’s fuel supply business in South Africa, giving Abu Dhabi a significant ...

Upon completion, South Africa will become the fourth international market in which ADNOC Distribution operates ...

The acquisition includes Shell’s network of about 580 service stations across the country, as well as its commercial fuels, ...

ADNOC Distribution plans to use its proposed $1bn acquisition of Shell Downstream South Africa as a platform for further ...

Adnoc Acquires Shell's South Africa Downstream Business In $1 Billion Deal . Adnoc Distribution has fully acquired Shell ...

The Abu Dhabi National Oil Company (ADNOC) is paying US$1bn for 580 Shell service stations, marking the firm's fourth ...

Deal covers 580 fuel stations and wholesale, aviation and lubricants operations; This marks Abu Dhabi group's entry into ...