Shell (SHEL) is close to a deal to sell over 600 retail fuel outlets in South Africa to Abu Dhabi National Oil's retail arm for a deal valued at around $1 billion, Bloomberg reported Tuesday, citing people familiar with the matter.

The deal would give Adnoc Distribution control of 10% of South Africa's market, the report said.

The sale would help Shell's plan of shedding non-core holdings, the report said.

No final agreement has been reached, the report said.

Shell and Adnoc Distribution did not immediately reply to MT Newswires' request for comment.

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