Competition

China Petrochemical Corporation (Sinopec Group)

Cliffe Dekker Hofmeyr represented Sinopec Group, China’s largest manufacturer and supplier of petroleum and petrochemical products and an entity which was ranked third in the Fortune Global 500 in 2017.

Our competition team advised this client in its bid for Chevron Global Energy Inc's refining and retail assets in South Africa and Botswana. The merger attracted considerable attention given the strategic importance of the refining assets. As a result, the Sinopec was required to negotiate a comprehensive set of undertakings with the Minister of Economic Development aimed at ensuring that the merger served the public interest.