December 01, 2020

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South Africa

Competition Tribunal approves Glencore’s bid to acquire Chevron South Africa via OTS
Competition Tribunal approves Glencore’s bid to acquire Chevron South Africa via OTS

South Africa’s Competition Tribunal has conditionally approved Glencore’s proposed acquisition of Chevron South Africa Proprietary Limited (CSA), via Off The Shelf Investments Fifty Six (RF) Proprietary Limited (OTS), which exercised its right of first refusal to purchase Chevron South Africa’s assets. During its acquisition process, Glencore said it will be supporting OTS as its technical […]

September 14, 2018
Sasol announces decision to drop U.S. GTL project, but sees opportunities in base oils business
Sasol announces decision to drop U.S. GTL project, but sees opportunities in base oils business

Sasol, an international integrated chemicals and energy company, based in South Africa, yesterday unveiled its “refined corporate strategy,” which the company says “sets a clear path for sustainable growth and accelerated shareholder returns.” “In developing our strategy, we considered both the opportunities and risks we face, informed by developments in the external environment. It is […]

November 24, 2017