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Sasol -- Dyno to buy into Sasol unit
Bloomberg reported in Business Report that an explosive maker, Dyno Nobel has agreed to pay USD34.5 million (R241 million) for a 50% stake in Sasol's detonator unit. Dyno advised that the purchase would be funded from existing finance facilities.
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Sasol and Avantium to work together
According to Business Day, Sasol has reached an agreement with the Dutch company Avantium to work together to develop new catalyst technologies to optimise Sasol's production of liquid fuels from coal or natural gas. The two companies would seek to boost output by the development of new technologies.
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Report suggests Sasol sell European chemicals unit
A Vunani Securities report was quoted by Business Report as saying that Sasol should abandon plans to reorganise its European chemicals unit and rather sell the business. Sasol bought the European business in 2001 for USD1.7 billion, and had recently reversed its decision to dispose of the unit, deciding instead to restructure it. But the Vunani report said that Sasol should sell the unit, as the assets would never create the sort of returns required by shareholders no matter how much restructuring was done.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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