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Glencore in deal to buy Chevron’s South Africa and Botswana assets

Downstream Opportunity

By:  
Contributing Editor Online
 
ACQUISITIONS
JSE-listed Glencore has entered into an agreement with Off The Shelf Investments Fifty Six (OTS) to acquire a 75% interest in Chevron South Africa, as well as a 100% interest in Chevron Botswana, for an aggregate consideration of $973-million. The assets comprise the interests of the Chevron group in its manufacturing, retail and industrial supply business in South Africa and Botswana.  
 
 
 
 
 

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