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Shell selling all its petrol stations in South Africa | SA News

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Shell is in advanced talks with Abu Dhabi National Oil Company (Adnoc) to sell its retail fuel stations in South Africa, according to people with knowledge of the matter.

Adnoc emerged as the preferred bidder after Shell’s talks with Gunvor Group — one of the world’s biggest independent oil traders — fell through, said the people who asked not to be identified as the discussions are private.

An agreement may be reached as early as this quarter, they…

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