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MarketScreener Homepage  >  Equities  >  Johannesburg Stock Exchange  >  Sasol Limited    SOL   ZAE000006896

SASOL LIMITED

(SOL)
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Sasol Is Selling 16 Air Separation Units in Secunda to Air Liquide

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07/29/2020 | 01:51am EDT

By Ian Walker

 

Sasol Ltd. Wednesday said it has agreed to sell 16 air separation units in Secunda to Air Liquide SA for 8.5 billion South African Rand ($514.3 million).

The South Africa-based petrochemical and energy company said the sale is part of its divestment program announced in March, which is targeting over $2 billion of asset sales. The disposal is conditional upon further due diligence as well as other regulatory approvals.

The parties are planning for final agreements by mid-August and hope to complete the deal by the end of this year.

The air separation units provide oxygen for Sasol's fuels and chemical production site in the region, as well as producing various gases.

 

Write to Ian Walker at ian.walker@wsj.com

 


Stocks mentioned in the article
ChangeLast1st jan.
AIR LIQUIDE 2.38% 133.35 Real-time Quote.5.67%
DOW JONES AFRICA TITANS 50 INDEX -0.68% 483.19 Delayed Quote.-9.41%
DOW JONES SOUTH AFRICA(ZAR) 0.00% 1694.37 Delayed Quote.-6.09%
S&P AFRICA 40 INDEX -0.01% 160.77 Delayed Quote.-6.93%
SASOL LIMITED 5.43% 103.17 End-of-day quote.-66.00%
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Financials
Sales 2021 203 B 12 531 M 12 531 M
Net income 2021 6 193 M 383 M 383 M
Net Debt 2021 124 B 7 687 M 7 687 M
P/E ratio 2021 12,4x
Yield 2021 -
Capitalization 64 677 M 3 988 M 3 996 M
EV / Sales 2021 0,93x
EV / Sales 2022 0,80x
Nbr of Employees 30 670
Free-Float 84,8%
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Technical analysis trends SASOL LIMITED
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Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 165,44 ZAR
Last Close Price 103,17 ZAR
Spread / Highest target 95,8%
Spread / Average Target 60,4%
Spread / Lowest Target 1,77%
EPS Revisions
Managers
NameTitle
Fleetwood Grobler President, CEO & Executive Director
Sipho Abednego Nkosi Chairman
Paul Victor Chief Financial Officer & Executive Director
Marius Brand Executive VP-Sustainability & Technology
Colin Beggs Independent Non-Executive Director
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