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Stock impact report

Aramco, Trafigura Said to Compete for Shell South Africa Assets [Financial Post (Toronto, Ontario, Canada)]

Sasol Ltd. American Depositary Shares (SSL) 
US:NYSE Investor Relations: sasol.com/investor-centre/overview
Company Research Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Saudi Aramco, Abu Dhabi National Oil Co. and commodities trader Trafigura are among suitors competing to buy Shell Plc's service stations in South Africa, according to people familiar with the matter. The assets have also attracted initial interest from South Africa's Central Energy Fund, which owns PetroSA, as well as Sasol Ltd. and Oman's OQ Trading, the people said. A winner could be picked by the end of the year, though it may also slip into 2025, said the people, who asked not to be named since the information is private. Shell may seek to raise nearly $1 billion from the sale of its downstream unit in South Africa, some of the people said. The divestment includes trading and fuel supply businesses, the company said in May. It has a network of 600 service stations across the country, according to its website. Shell is working with Rothschil Show less Read more
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