ADNOC Distribution (ISIN: AEA006101017) (Symbol: ADNOCDIST) today announced that it has entered a definitive agreement to acquire 100% of the share capital of Shell Downstream South Africa ("SDSA") from Shell South Africa Holdings (the "Proposed Acquisition"). The Proposed Acquisition has an implied enterprise value of approximately $1 billion for 100% of the share capital prior to adjustment for net debt and working capital and is expected to close in 2027, subject to customary regulatory conditions, other conditions precedent and closing conditions. A 28% stake in SDSA is expected to be ...