Sasol Purchases Outstanding Interest In Schumann S
Sasol Limited
(Incorporated in the republic of South Africa)
(Registration number:1964/006005/07
("Sasol")
Share code: SOL
Isin code: ZAE000006896
SASOL PURCHASES OUTSTANDING INTEREST IN SCHUMANN SASOL INTERNATIONAL AG
Sasol today announced that it had agreed in principle to purchase the
outstanding 33% interest in Schumann Sasol International Aktiengesellschaft
(Schumann Sasol) from its joint venture partners VARA Holding of Germany,
for Euro 49 million with effect from January 1, 2002. Finalisation of the
share transfer is subject to regulatory and board approvals. Schumann Sasol
will then become a wholly owned subsidiary of Sasol.
Schumann Sasol manufactures and markets a comprehensive range of waxes and
liquid paraffins, and has operations located in Germany and South Africa,
and marketing arms in the USA and Malaysia. The products are supplied
primarily to the candle making, rubber, chipboard, cup coating, cosmetics,
dust prevention, polish, hot melt adhesives, ink and PVC extrusion
industries.
Sponsor:
Deutsche Securities (SA) Pty Limited
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
