Go Back Email this Link to a friend

Sasol Announcement And Withdrawal Of Further Cautionary Announcement

Release Date: 23/02/2000 16:05:40      Code(s): SOL SOLD
SASOL LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 1979/003231/06)
("SASOL")
ANNOUNCEMENT AND WITHDRAWAL OF FURTHER CAUTIONARY ANNOUNCEMENT
SASOL ANNOUNCES THAT, FURTHER TO THE ANNOUNCEMENTS ON 16 SEPTEMBER 1999, 20
DECEMBER 1999 AND 11 FEBRUARY 2000, SASOL AND PETROLIAM NASIONAL BERHAD
("PETRONAS") OF MALAYSIA ("THE PARTIES") HAVE JOINTLY DECIDED TO CONTINUE THEIR
NEGOTIATIONS, BUT ON A NON-EXCLUSIVE BASIS.  THE PARTIES WILL FOCUS MAINLY ON
EXPLORING CO-OPERATION IN, AND REALISING SYNERGIES OF, THEIR RESPECTIVE SOUTH
AFRICAN CRUDE OIL REFINING BUSINESSES, AND WILL NOT PURSUE THE FULL
CONSOLIDATION OF ALL THEIR LOCAL OIL BUSINESSES AT THIS STAGE.  THE PARTIES
HAVE, ACCORDINGLY, AMENDED THE MEMORANDUM OF UNDERSTANDING SIGNED BY THEM ON 12
MARCH 1999.  DISCUSSIONS WITH TOTAL SOUTH AFRICA (PTY) LIMITED ARE ALSO
CONTINUING ON A SIMILAR BASIS.
THE FURTHER CAUTIONARY ANNOUNCEMENT OF 11 FEBRUARY 2000 IS ACCORDINGLY
WITHDRAWN.
JOHANNESBURG
24 FEBRUARY 2000
SPONSORING BROKER
  FLEMING MARTIN SECURITIES LIMITED
  (REGISTRATION NUMBER 95/11815/06)
  MEMBER OF THE JOHANNESBURG STOCK EXCHANGE



                                        
Email this JSE Sens Item to a Friend.

Send e-mail to
© 2017 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.