A&O Shearman with ADD on Shell’s South African downstream business acquisition
A&O Shearman is advising ADNOC Distribution (ADD) on its acquisition of Shell’s downstream business in South Africa, in a transaction valued at approximately USD 1 billion (prior to adjustment for net debt and working capital).
The deal includes approximately 580 service stations and associated infrastructure, as well as wholesale fuel, aviation and lubricants operations. The transaction is expected to close in 2027, subject to customary regulatory approvals, other conditions precedent and closing conditions.
The A&O Shearman team
The A&O Shearman team advising on the transaction is led by M&A partner Oliver Bacon and antitrust partner Matthew Readings, supported by senior associates Tom Betts and Olivia Hardy, associates Jake Manton, Richard Quarshie and Caspar Roijers, and trainee solicitors Taimur Nsugbe, Zaamia Arif and Charlotte Rushton in the M&A team, and by senior associates Laura Harvey and Gabriella Griggs and associates Suzanne Norman and Nicolas Tselikas Bouzeau in the antitrust team.
