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Sasol Agrees to Sell Nitrates Business, Keeps 23% Stake

Sasol logoSasol
Sig2.72Sen+3.31Env0.00Soc+0.58Gov+0.93

Sasol has agreed to sell its Nitrates business to Enaex Africa while retaining a 23% minority stake. The deal covers ammonia conversion plants in Secunda and Sasolburg that supply fertilizer and explosives markets. Sasol expects the divestment to be value-accretive and says it will coordinate a transition for employees, customers and suppliers, subject to regulatory approvals and other conditions.

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