Competition Commission grants conditional approval for Sinopec’s $900m Chevron SA buy

Competition Commission grants conditional approval for Sinopec’s $900m Chevron SA buy
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South Africa’s antitrust watchdog has given conditional approval to China Petroleum & Chemical Corporation’s (Sinopec’s) proposed $900-million acquisition of a controlling stake in Chevron South Africa (CSA), the company said on Thursday.
In considering the transaction, the Competition Commission noted that it is unlikely to substantially prevent or lessen competition in any of the identified markets.



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