Glencore Close to Buying Chevron's Southern Africa Assets for $1 Billion -Blo..

May 21, 2018 / www.4-traders.com / Article Link

--Glencore is close to buying Chevron 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

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