01:07 PM EDT, 09/05/2024 (MT Newswires) -- (Update with Shell's response to a request for comment in the final paragraph.)

Shell's (SHEL) service stations in South Africa are drawing acquisition interest from Saudi Aramco, Abu Dhabi National Oil and commodities trader Trafigura, among other suitors, Bloomberg reported Thursday, citing people familiar with the matter.

South Africa's Central Energy Fund, which owns PetroSA, as well as Sasol ( SSL ) and Oman's OQ Trading have also expressed initial interest in the assets, the people reportedly told Bloomberg.

Shell may look to raise almost $1 billion from the sale of its downstream unit in South Africa, Bloomberg reported, citing the people. The energy company has a network of 600 service stations across the country, according to the report, citing Shell's website.

Shell declined to comment to MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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