Petronas unit agrees share swap with Shell’s Africa operator

An employee re-fills the storage tanks with fuel at an Engen Ltd. gas station in Johannesburg, South Africa, on Tuesday, July 26, 2011. Photographer: Nadine Hutton

Petroliam Nasional Bhd’s South African unit, Engen, and Vivo Energy Holding BV agreed to a deal worth as much as 3.5 billion rand ($256 million) to combine some of their African fuel-retail assets, according to people familiar with the matter.

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