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Adnoc to buy Shell's South Africa fuel stations in $1bn deal

By Josh White

Date: Tuesday 07 Jul 2026

(Sharecast News) - Adnoc Distribution has agreed to buy Shell Downstream South Africa in a deal valuing the business at about $1bn, marking its largest overseas acquisition and a major step in its expansion beyond the Gulf.
The transaction covers 580 fuel stations in South Africa, as well as lubricants, commercial...

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