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South African watchdog approves Glencore's bid for Chevron assets

23rd August 2018

By: Reuters

  

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South African competition watchdog has given Glencore's bid worth roughly $900-million for Chevron's local and Botswana assets the green light, it said on Thursday.

But the Competition Commission placed a number of conditions on its approval, including the preservation of jobs after the deal and establishment of a fund to develop small businesses.

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Edited by Reuters

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