Firms line up for slice of Sasol’s Lake Charles
Stake could fetch more than R28bn, according to the people familiar with the matter
13 June 2020 - 10:59
Sasol has received offers from firms including Ineos Group for a large stake in a US chemical complex it is selling to shore up its finances, according to people familiar with the matter.
Chevron Phillips Chemical Co and LyondellBasell Industries NV are also among those moving into a second round of bidding for a slice of the Lake Charles project in Louisiana, the people said, asking not to be identified as the matter is private. The stake could fetch more than R29bn, according to the people...
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