Glencore Close to Buying Chevron's Southern Africa Assets for $1 Billion -Bloomberg
22 May 2018 - 1:08AM
Dow Jones News
--Glencore PLC (GLEN.LN) is close to buying Chevron Corp.'s
(CVX) southern African assets for $1 billion, according to three
sources familiar with matter, Bloomberg reports.
--Glencore will complete the deal within the next six weeks,
according to one of the sources, derailing an earlier agreement
between Chevron and China Petroleum & Chemical Corp. (SNP),
reports Bloomberg.
--The assets include a 100,000 barrel-a-day refinery in Cape
Town, as well as more than 800 gas stations in South Africa and
Botswana, Bloomberg reports.
Full story: https://bloom.bg/2LjBsyH
Write to Barcelona editors at barcelonaeditors@dowjones.com
(END) Dow Jones Newswires
May 21, 2018 10:53 ET (14:53 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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