South Africa approves Glencore for buyout of Chevron refinery, other assets

South Africa’s Competition Tribunal has conditionally approved a proposal by Glencore to acquire Chevron Corp.’s majority ownership in Chevron South Africa, which operates a 110,000-b/d refinery at Milnerton, Cape Town, as well as the entirety of Chevon’s interest in downstream assets in Botswana.

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