The South African Competition Commission publishes its recommendations for approving conditionally a merger in the market of petroleum (Sinopec / Chevron)

MERGER CONTROL: PUBLIC INTEREST & SINOPEC/CHEVRON* WHEN THE STICK IS GREATER THAN THE CARROT While China Petroleum & Chemical Corporation (Sinopec), and global commodities trader and miner Glencore are the front runners in a bid to buy Chevron’s South African Business (Chevron SA), it appears that Sinopec has managed to edge ahead after the Chinese firm has agreed to a number of public interest conditions in an effort to placate the South African Minister of Economic Development, Ebrahim Patel (Patel) and avoid ministerial intervention before the Competition Tribunal’s (the agency responsible for approving the merger) hearing. The South African Competition Commission (SACC), responsible for investigating and making recommendations to the Tribunal, recently published its

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Andreas Stargard, The South African Competition Commission publishes its recommendations for approving conditionally a merger in the market of petroleum (Sinopec / Chevron), 3 January 2018, e-Competitions Bulletin Energy & Mergers, Art. N° 88671

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