Corporate & Commercial

Our team is representing Soihl Hong Kong Holding Limited in its acquisition of 75% of Chevron's downstream oil assets in South Africa and Botswana.

Cliffe Dekker Hofmeyr is representing Soihl Hong Kong Holding Limited subsidiary of China Petroleum & Chemical Corporation (Sinopec), the global oil giant.

Our team is advising this client in its acquisition of 75 per cent of Chevron's downstream oil assets in South Africa and Botswana. We also advised on the establishment of a head office presence in South Africa for Sinopec, to serve as a base for its African business. Our work on this complex mandate required extensive engagement with the South African Minister of Economic Development and other regulatory authorities. The transaction followed a competitive public bidding process and was complicated by competing bidders; pre-emptive rights; and specific distribution arrangements.