Energy and chemicals group Sasol has reached a deal to sell most of its stake in a pipeline company in Mozambique for more than R4bn, the latest disposal for a company seeking to address the fallout from its Lake Charles project in the US.

Sasol said on Friday it intended to sell a 30% interest in the Republic of Mozambique Pipeline Investments Company (Rompco) for an initial payment of R4.145bn, with the deal also including a deferred payment consideration of R1bn if certain conditions were met by June 2024...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now