Abu Dhabi’s ADNOC Distribution is acquiring Shell’s downstream business in South Africa for about $1 billion. The deal gives ADNOC control of 580 fuel stations, wholesale fuel operations, aviation and marine fuel businesses, lubricants, and 360 convenience stores that sold 3.5 billion liters of fuel in 2025. The transaction, expected to close in 2027, extends ADNOC’s reach beyond the UAE, Saudi Arabia, and Egypt, following its 2023 purchase of a stake in TotalEnergies’ Egyptian marketing business. For Shell, the sale ends a 2024 strategic review to streamline its downstream portfolio after more than a century in the country. ADNOC plans to retain the Shell brand under a long-term licensing deal and will sell a 28% stake in the South African business to local empowerment partners.
Business Insider Africa