Shell Downstream South Africa
July 2026 · South AfricaDefinitive agreement signed on 7 July 2026; completion expected in 2027 subject to regulatory approvals.
Activity : Fuel and LPG distribution
Instrument : Purchase of 100% for an enterprise value of about US$1bn: 580 stations, 360 shops, commercial fuels, lubricants, aviation and marine; 28% then sold to a local partner and employees (B-BBEE)
Shell's fuel retail network in South Africa.
Why they invested
- Western oil major exiting
Source : thenationalnews.comN2 · Cross-checked (2+ outlets) · Other sources : CNBC Africa, IOL