Sasol Agrees to Sell Nitrates Business, Keeps 23% Stake
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.