Shell Nearing Sale of South African Fuel Stations in $1 Billion Deal with Adnoc Unit, Bloomberg Says, Citing Sources

Dow Jones

06/30

--British energy company Shell is in advanced talks to sell its fuel stations in South Africa to the retail arm of Abu Dhabi National Oil Co. in a roughly $1 billion deal, Bloomberg reports, citing unnamed sources.

--The two parties are preparing to announce the deal in the coming days, Bloomberg reports, citing the sources.

--Representatives for Shell and Adnoc Distribution declined to comment, according to the report.

Write to Adam Whittaker at adam.whittaker@wsj.com

(END) Dow Jones Newswires

June 30, 2026 08:41 ET (12:41 GMT)

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