Glencore eyeing Chevron's South Africa assets - report
Glencore plc
R3,488.00
18:15 28/07/16
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-R50.00
Glencore is chewing over a potential bid for some of Chevron's South African assets, according to reports on Friday afternoon.
Chevron Corp.
$160.56
08:05 19/04/24
1.90%
$2.99
Dow Jones I.A.
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04:30 15/10/20
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Glencore is one of two companies mulling over assets ranging from an oil refinery to a retail network after Chevron's intended $900n disposal of its 75% interest to China Petroleum & Chemical hit the rocks over difficulties with local partners, Bloomberg reported.
Chevron’s black economic empowerment partners, which own the other 25%, opened the bid to other potentially interested parties, sources said.