
Adnoc Distribution has agreed to acquire Shell's fuel stations across South Africa in a deal valued at $1 billion. The acquisition was announced by CEO Bader Saeed Al Lamki, who discussed the rationale with Bloomberg's Abeer Abu Omar on the Horizons Middle East and Africa program. This move expands Adnoc's presence in the African market.
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Analyzed · Moderate confidence (63%)
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Deal value $1 billion
Adnoc Distribution has agreed to buy Shell fuel stations across South Africa.
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Adnoc Distribution has agreed to buy Shell fuel stations across South Africa.
BloombergAdnoc Distribution is has agreed to buy Shell fuel stations across South Africa in a deal valued at $1 billion. CEO Bader Saeed Al Lamki explained the rationale behind the move to Bloomberg's Abeer Abu Omar on Horizons Middle East and Africa. (Source: Bloomberg)
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Adnoc Distribution has agreed to buy Shell fuel stations across South Africa.
BloombergThe deal is valued at $1 billion.
BloombergCEO Bader Saeed Al Lamki explained the rationale behind the move to Bloomberg's Abeer Abu Omar on Horizons Middle East and Africa.
Bloomberg