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Sasol Considering The Disposal Of Its O&s Business Excluding Its Co-monomers

Release Date: 01/08/2005 12:00:02      Code(s): SOL
Sasol considering the disposal of its O&S business excluding its co-monomers    
      activities in South Africa                                                
Sasol Limited                                                                   
(Incorporated in South Africa)                                                  
(Registration number: 1979/003231/06)                                           
ISIN Code: ZAE000006896                                                         
Share Code: SOL                                                                 
NYSE Code: SSL                                                                  
Sasol considering the disposal of its Olefins and Surfactants (O&S) business    
excluding its co-monomers activities in South Africa                            
Sasol announced today that it is considering the disposal of its Olefins and    
Surfactants (O&S) business excluding its co-monomers activities in South Africa.
Sasol acquired Condea in March 2001 from German-based RWE Dea for Euro1,3       
billion. Most of this business was subsequently hosted in Sasol O&S with        
production facilities mainly in the USA, Europe and South Africa. A smaller part
of the business was hosted in Sasol Solvents which, together with the South     
African-based solvents activities, forms a global solvents business. The entire 
solvents business is being retained by Sasol.                                   
"Since the acquisition, substantial success has been achieved in reducing costs 
and improving the productivity at Sasol O&S. Pleasing progress has also been    
made in strengthening relationships with key customers," says Sasol deputy chief
executive Trevor Munday.                                                        
"In 2003, Sasol determined that it would continue to grow its chemical          
businesses conditional upon projects leveraging its technology or securing      
integrated and highly cost-competitive feedstock positions. The O&S business is 
only partially integrated upstream into feedstocks and has not adequately       
provided the integration benefits which Sasol requires," says Munday.           
Sasol has embarked on an exciting international commercialisation programme of  
its leading gas-to-liquid (GTL) fuels technology and possibly also at a later   
stage its coal-to-liquid (CTL) technology. "This is expected to require         
significant funding. The GTL and CTL ventures will support or enhance           
traditionally high margins achieved by Sasol as a consequence of its technology 
and operating prowess," says Sasol chief executive Pat Davies.                  
"To optimally leverage both its talented people and financial resources in the  
next few years, Sasol wishes to establish the saleability of Sasol O&S at fair  
value," says Davies. "During this process, Sasol will remain committed to the   
strategic and operational goals of Sasol O&S and will continue to provide the   
business with the support necessary to uphold its effectiveness and success," he
Deutsche Bank has been appointed to assist Sasol in procuring offers, assessing 
the feasibility and attractiveness thereof and executing any potential          
1 August 2005                                                                   
Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited               
Date: 01/08/2005 12:00:07 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             

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