ADNOC, Aramco considering bids for Shell's South Africa assets: Report

South Africa's Sasol Ltd is also considering an offer for the business, which could be valued at more than $800 million, the Bloomberg report said.

Reuters

May 24, 2024 / 19:22 IST

South Africa's Sasol Ltd is also considering an offer for the business, which could be valued at more than $800 million, the Bloomberg report said

Abu Dhabi National Oil Co and Saudi Aramco are among companies weighing bids for Shell's downstream assets in South Africa, Bloomberg News reported on Friday, citing people familiar with the matter.

South Africa's Sasol Ltd is also considering an offer for the business, which could be valued at more than $800 million, the Bloomberg report said.

"We have been approached by several highly credible parties which cannot be disclosed at this stage," a Shell spokesperson told Reuters.

Reuters

first published: May 24, 2024 07:22 pm

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