--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)
Copyright (c) 2026 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.