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

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.

May 24, 2024 / 19:22 IST
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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
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.

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"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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