ADNOC, Aramco considering bids for Shell's South Africa assets, Bloomberg News reports

Sasol

24/05/2024 12:32

May 24 (Reuters) - Abu Dhabi National Oil Co and Saudi
Aramco  2223.SE  are among companies weighing bids for Shell's
 SHEL.L  downstream assets in South Africa, Bloomberg News
reported on Friday, citing people familiar with the matter.  
    South Africa's Sasol Ltd  SOLJ.J  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. 
    

 (Reporting by Echha Jain in Bengaluru; Editing by Nivedita
Bhattacharjee)
 ((Echha.Jain@thomsonreuters.com;))