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August 28, 2018

Volume 2 Issue 47

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Glencore, Sinopec Vie for Chevron Assets

The South African Competition Commission last week qualified a bid by a group backed by Swiss mining company Glencore to acquire 75 percent of Chevron’s downstream operations in South Africa and all of its operations in Botswana. Chevron is now free to choose between that offer and another that was previously qualified from Sinopec.