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Deep-Dive Report: The Necessary Partner — How Simphiwe Mehlomakulu’s Reatile Became the Black-Owned Partner ADNOC Needed to Buy Shell’s 580 Petrol Stations



Deep-Dive Report: The Necessary Partner — How Simphiwe Mehlomakulu’s Reatile Became the Black-Owned Partner ADNOC Needed to Buy Shell’s 580 Petrol Stations

































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ADNOC’s ~$1 billion purchase of Shell’s 580 South African petrol stations needed something money couldn’t buy: a Black-owned local partner without which the deal couldn’t close. It picked Reatile. Inside the quiet, decisive role of the empowerment partner in African dealmaking.

Deep-Dive Report: The Necessary Partner — How Simphiwe Mehlomakulu's Reatile Became the Black-Owned Partner ADNOC Needed to Buy Shell's 580 Petrol Stations

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Nigerian billionaire Femi Otedola spends $9 million more on First HoldCo shares

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