August 23, 2018 / 9:44 AM / a month ago

CORRECTED-South African watchdog approves Glencore's bid for Chevron assets

(Correct figure in first paragraph to read million not billion)

JOHANNESBURG, Aug 23 (Reuters) - South African competition watchdog has given Glencore’s bid worth roughly $900 million for Chevron’s local and Botswana assets the green light, it said on Thursday.

But the Competition Commission placed a number of conditions on its approval, including the preservation of jobs after the deal and establishment of a fund to develop small businesses.

Reporting by Tiisetso Motsoeneng Editing by Edmund Blair

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