Morningstar

Adnoc Distribution to Buy Shell's South African Fuels Business in $1 Billion Deal

Provided by Dow Jones Jul 7, 2026, 6:15:00 AM

By Adam Whittaker

Adnoc Distribution said it has agreed to buy Shell's South African fuels business for $1 billion, including debt.

The subsidiary of Abu Dhabi National Oil Company will acquire 580 fuel stations, as well as Shell's fuels lubricants businesses. It plans to continue to use the Shell brand for the retail service stations and lubricants businesses.

In 2025, Shell's downstream business in South Africa sold approximately 3.5 billion liters of fuel and operated 360 convenience stores.

The deal is expected to close in 2027. Once complete, ADNOC Distribution plans to sell a 28% stake to a local empowerment partner and employee stock option plan, it said.

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

(END) Dow Jones Newswires

July 07, 2026 02:15 ET (06:15 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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