Competition Commission gives Glencore’s Chevron merger the green light

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

الإمارات العربية المتحدة أخبار أخبار

الإمارات العربية المتحدة أحدث الأخبار,الإمارات العربية المتحدة عناوين

The watchdog has recommended the deal go through subject to several conditions including that there be no retrenchments at Chevron SA as a result of the merger

Chevron SA operates the country’s second-largest filling station network under the Caltex brand. Picture: SUPPLIED

On Friday, the commission said the proposed transaction raised public-interest concerns and although it had recommended it be approved, the deal should be subject to a number of conditions. Glencore should also ensure that ongoing contractual obligations toward retired employees of Chevron SA are met. Glencore, meanwhile, has undertaken to ensure that existing contracts with independent fuel distributors, the Caltex branded marketers, are not changed to be less favourable to them, the commission said.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 12. in AE

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Judge gives green light to Trump ban on gun 'bump stocks'A federal judge gave the Trump administration the go-ahead on Monday to ban 'bump stocks' - rapid-fire gun attachments used in the deadliest mass shooting in modern US history - in a defeat for firearms rights advocates.
مصدر: TimesLIVE - 🏆 28. / 59 اقرأ أكثر »

DAYS OF ZONDO: Business in a time of State Capture: The Glencore storyFor seven months, global commodities firm Glencore found itself cornered, stonewalled and punished as it tried to cling to Optimum Coal Mine amid interventions by government officials and Eskom executives allegedly intent on forcing a sale to the Guptas.
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »