Adnoc, Aramco Said to Mull Bids for Shell South Africa Assets
- Sasol, Trafigura are also said to eye the downstream business
- Bids expected in coming weeks, could be more than $800 million
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Abu Dhabi National Oil Co. and Saudi Arabia’s state oil producer Aramco are among companies weighing bids for Shell Plc’s downstream assets in South Africa, according to people familiar with the matter.
South Africa’s Sasol Ltd. is separately considering an offer for the business, which could be valued at more than $800 million, the people said. Commodity trading giant Trafigura Group’s Puma Energy subsidiary and Glencore Plc are also among potential suitors that may study the assets ahead of a bid deadline in the coming weeks, according to the people.