Glencore has agreed with Off The Shelf to acquire 75% of Chevron South Africa , and the entire issued share capital of miner Glencore for at least $500 . The payment will be made in cash from Glencore ’s own resources, with the energy trader investing at least $500 m over more than a century . Glencore has shifted in the last year from shedding interests during the 2015-2016 commodities downturn to asset-buying since the rebound in prices. The Chevron South Africa assets include manufacturing, retail and industrial supply businesses in Botswana and Botswana and provide an attractive downstream opportunity for Glencore .
Glencore has agreed with Off The Shelf to acquire 75% of Chevron South Africa , and the entire issued share capital of miner Glencore for at least $500 . The payment will be made in cash from Glencore ’s own resources, with the energy trader investing at least $500 m over more than a century . The Chevron South Africa assets include manufacturing, retail and industrial supply businesses in Botswana and Botswana and provide an attractive downstream opportunity for Glencore .