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Tuesday, August 25, 2026 6:34 GMT
Adnoc Distribution signed an agreement with South African investment group Reatile Group for the latter to acquire a minority stake in Shell’s downstream business in South Africa, as part of Adnoc Distribution’s proposed acquisition of the business. The definitive agreement, signed on August 20, follows Adnoc Distribution’s announcement in July that it had agreed to acquire Shell Downstream South Africa (SDSA) from Shell South Africa Holdings. Under the latest agreement, Reatile Group will take...More