Shell Nearing Sale of South African Fuel Stations in $1 Billion Deal With Adnoc Unit, Bloomberg Says, Citing Sources

• British energy company Shell is in advanced talks to sell its fuel stations in South Africa to the retail arm of Abu Dhabi National Oil Co. in a roughly $1 billion deal, Bloomberg reports, citing unnamed sources.
• The two parties are preparing to announce the deal in the coming days, Bloomberg reports, citing the sources.
• Representatives for Shell and Adnoc Distribution declined to comment, according to the report.

Write to Adam Whittaker at adam.whittaker@wsj.com