Sasol sells Moz pipeline stake for R5bn as it pares down deb

Sasol sells Moz pipeline stake for R5bn as it pares down debt
By Dineo Faku
Share
SASOL on Friday announced the R5 billion sale of a 30 percent stake in its Republic of Mozambique Pipeline Investments Company (Rompco) as part of its asset disinvestment programme aimed at settling debt.
The group said it had concluded a sale and purchase agreement with a consortium comprising black empowerment firm, Reatile Group, and the Ideas Fund, one of South Africa's biggest infrastructure funds, which is managed by African Infrastructure Investment Managers, a subsidiary of Old Mutual Alternative Investments Holdings. The proposed transaction is expected to become effective during the second half of 2021.

Related Keywords

South Africa , Mozambique , South African , Companhia Mo , Reatile Group , National Energy Regulator Of South Africa Nersa , Old Mutual Alternative Investments Holdings , Ideas Fund , Competition Commission , Sasol , African Gas Development Company , Republic Of Mozambique Pipeline Investments Company Rompco , Mozambique Pipeline Investments Company , African Infrastructure Investment Managers , Old Mutual Alternative Investments , National Energy Regulator , Lake Charles Chemicals Project , South African Gas Development Company , Mozambique Production Sharing Agreement , மொசாம்பிக் , தோழமை மோ , யோசனைகள் நிதி , போட்டி தரகு , சசோல் , மொசாம்பிக் குழாய் முதலீடுகள் நிறுவனம் , பழையது பரஸ்பர மாற்று முதலீடுகள் , தேசிய ஆற்றல் சீராக்கி , ஏரி சார்லஸ் இரசாயனங்கள் ப்ராஜெக்ட் ,