Shell says it has eager suitors for retail network

The move forms part of the giant’s programme to exit many of its downstream businesses

28 November 2024 – 05:00

by Michelle Gumede

Shell Downstream SA chair Aluwani Museisi says the proposed sale of its noncore retail business has piqued interest from a plethora of possible bidders wanting to snap up the strategically located assets.

After a comprehensive review of the downstream and renewables businesses across all regions in May, the British multinational oil and gas company announced it was disposing of its “noncore” retail business, (https://www.businesslive.co.za/bd/companies/energy/2024-05-06-shell-to-keep-upstream-operations-in-sa-but-quits-forecourts/) which houses its service stations, and turning its focus to its upstream operations — which are facing serious legal challenges from environmental groups…

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