New owner for Shell’s 600 petrol stations in South Africa one step closer

• Adnoc Distribution and Reatile Group have entered into an agreement to acquire a minority equity interest in Shell Downstream South Africa (SDSA), valued at approximately $1 billion.
• The acquisition is part of Shell's strategy to sell non-core assets, including its 600 petrol stations in South Africa, which will be completed by 2027 after regulatory approvals.
• The deal is seen as a significant milestone for Adnoc and Reatile Group, with Adnoc aiming to expand its presence in Africa and capitalize on the country's growing fuel retail sector.