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/PRNewswire/ Sasol is pleased to announce that Sasol South Africa Ltd ("SSA"), a major subsidiary of Sasol, has concluded a sale and purchase agreement.
Sasol delivered a good set of results for the six months ended 31 December 2020 prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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JOHANNESBURG, Dec. 21, 2020 /PRNewswire/ Sasol is pleased to announce that a Sale Securities Purchase Agreement has been signed with Azura Power Limited for the divestment of the Company s full shareholding in CTRG, the gas-to-power plant located in Ressano Garcia, Mozambique.
The transaction is subject to a number of conditions precedent, which include regulatory approval and the waiver of pre-emption rights held by Electricidade de Mocambique (EDM), the Mozambican state-owned electricity company.
The consideration will be approximately USD145 million and covers the equity and other shareholder claims that Sasol holds in CTRG. This will be subject to any relevant closing adjustments, including those in relation to working capital.