Post by A&O Shearman

ADNOC Distribution (ADD) has agreed to acquire Shell’s downstream business in South Africa for approximately USD 1 billion (prior to adjustment for net debt and working capital), a move that underscores its global growth strategy. We advised ADD on this transaction, which expands its footprint in a key African sector and supports the region’s evolving energy needs. Deals of this scale require deep sector knowledge and cross-border expertise, and we are proud to bring both to our clients. The deal team was led by Oliver Bacon and Matthew Readings, with support from Tom Betts and Olivia Hardy, Jake Manton, Richard Quarshie and Caspar Roijers in the M&A team. Read more: https://lnkd.in/eDa9idBR #AOShearman #EnergySector #CrossBorderDeals