S.Africa’s Competition Tribunal approves Glencore’s bid for Chevron subsidiary

Johannesburg — South Africa’s Competition Tribunal on Friday approved with conditions Glencore’s proposed $973 million acquisition of Chevron Corp’s subsidiary in the country. The tribunal said there must be no job cuts at Chevron South Africa as a result of the merger or for five years, the unit must invest 6 billion rand ($416.67 million) … More »