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Sasol Ltd (SOLJ.J)

SOLJ.J on Johannesburg Stock Exchange

40,500.00ZAc
19 Feb 2018
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Thu, Nov 23 2017

Sasol dumps $13-$15 billion U.S. project, to exit Canadian shale

JOHANNESBURG South Africa's Sasol is pulling out of all of its gas-to-liquids (GTL) greenfield projects including one in Louisiana project expected to cost $13 billion to $15 billion, the company said on Thursday.

UPDATE 1-Sasol dumps $13-$15 bln U.S. project, to exit Canadian shale

* Company plans to divest from Canadian shale assets (Adds increased credit facility)

Sasol pulls plug on $13-$15 bln US GTL project, to divest from Canadian shale

JOHANNESBURG, Nov 23 South African petrol-chemicals group Sasol has pulled the plug on all of its gas-to-liquids (GTL) greenfields projects including a U.S. one in Louisiana that carried a $13 billion to $15 billion price tag, the company said on Thursday.

South Africa's Sasol plans share issue to buy out black empowerment investors

JOHANNESBURG Shares in South African petrochemicals and energy firm Sasol dropped sharply on Wednesday after it said it was looking at raising $980 million in a share sale to fund a buy- out of indebted black investors.

UPDATE 2-South Africa's Sasol plans share issue to buy out black empowerment investors

* Sasol to write off $900 mln from empowerment deal (Re-leads with plan for share issue)

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