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Adnoc Distribution announced on Wednesday that it has completed its acquisition from TotalEnergies Marketing Afrique SAS of a 50 per cent stake in TotalEnergies Marketing Egypt. The closing of this landmark transaction, which was first announced in July 2022, marks the official entry of the UAE’s largest fuel and retail distributor
Adnoc Distribution announced on Wednesday that it has completed its acquisition from TotalEnergies Marketing Afrique of a 50 per cent stake in TotalEnergie..
The company’s non-fuel business also continued to see momentum with customer-centric initiatives, increased traffic at stations, and higher food and beverage sales
The UAE's Adnoc Distribution has entered into an agreement with TotalEnergies Marketing Afrique SAS to acquire a 50% stake in TotalEnergies Marketing Egypt for $186 million, with an additional earn-out of up to $17.3 million.
The UAE's Adnoc Distribution has entered into an agreement with TotalEnergies Marketing Afrique SAS to acquire a 50% stake in TotalEnergies Marketing Egypt for $186 million, with an additional earn-out of up to $17.3 million.