SOL: Sasol Limited- Disposal Of Air Separation Units Business By Sasol South Africa Limited

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JOHANNESBURG, Sept. 10, 2020 /PRNewswire/ —  Sasol refers its shareholders to the Stock Exchange News Service announcement of 29 July 2020, which informed the market that Sasol South Africa Limited (“SSA”), a major subsidiary of Sasol, had signed an exclusive negotiation agreement with Air Liquide Large Industries South Africa Proprietary Limited (“Air Liquide”) for the sale of SSA’s sixteen air separations units and associated business located in Secunda.
Sasol is pleased to announce that negotiations with Air Liquide have been concluded and a sale of business agreement (the “Sale Agreement”) has been entered into, under which SSA shall dispose of its air separation business located in Secunda, (“the Business”) to Air Liquide (“the Transaction”) subject to the suspensive conditions outlined below.
Air Liquide is a world leader in gases, technologies and related services, and operates in 80 countries with approximately 67 000 employees. Air Liquide has provided technical and engineering support to Sasol in Secunda since 1979.
Description of the Business
The Business comprises the sixteen air separation units (“ASUs”), and related assets with a combined capacity of up to 42 000 tons of oxygen per day, that provide oxygen for Sasol’s fuels and chemical production processes in Secunda. The ASUs produce various other gases utilised at Secunda, and rare …

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