Rothschild Helps with Chevron Downstream Sale

Friday, March 18, 2016

Chevron Corp. and Rothschild are working together to sell a stake in the US major’s South African downstream business. Chevron is looking to sell a 75% stake in its South African unit.

The company is looking to net around $1 billion from the sale.

Chevron’s unit in South Africa includes a 110,000 bpd refinery, a lubricant plant, and it markets its Caltex-branded products through more than 845 filling stations.

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