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Stock impact report

Aramco, Trafigura Said to Vie for Shell South Africa Assets [Yahoo! Finance Canada]

Sasol Ltd. American Depositary Shares (SSL) 
US:NYSE Investor Relations: sasol.com/investor-centre/overview
Most Read from Bloomberg 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 Rothschild & Co. on the sale, according to the people. The list of bidders is likely to be shortened over the next few weeks, and binding offers made by December, said the people. Shell said it doesn't comment on divestment activities and Rothschild declined to comment. Talks with Shell are continuing, and some of th Show less Read more
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