ADNOC, Aramco, Sasol, Puma Energy, and Glencore are reportedly considering bids for Shell's $800M+ downstream assets in South Africa.

ADNOC and Aramco are reportedly considering bids for Shell's downstream assets in South Africa, with potential offers from South Africa's Sasol, Trafigura Group's Puma Energy subsidiary, and Glencore. Deliberations are in early stages and Shell has been approached by "several highly credible parties." The assets could be valued at over $800 million, with a bid deadline approaching in coming weeks.

May 24, 2024
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