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


Sasol sells Moz pipeline stake for R5bn as it pares down debt
By Dineo Faku
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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. ....

South Africa , South African , Companhia Mo , Reatile Group , National Energy Regulator Of South Africa Nersa , Old Mutual Alternative Investments Holdings , Ideas Fund , Competition Commission , 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 , தோழமை மோ , யோசனைகள் நிதி , போட்டி தரகு , மொசாம்பிக் குழாய் முதலீடுகள் நிறுவனம் , பழையது பரஸ்பர மாற்று முதலீடுகள் , தேசிய ஆற்றல் சீராக்கி , ஏரி சார்லஸ் இரசாயனங்கள் ப்ராஜெக்ட் ,