Sasol aims at rights issue of up to $2bn in 2021 to cut debt
Group will pursue capital raise in the second half of its 2021 financial year
17 August 2020 - 08:01
UPDATED 17 August 2020 - 12:25
The share price of chemicals and energy group Sasol was on track for its worst day in two months on Monday after it said it intends to pursue a rights offer of up to $2bn (R34.7bn) in the first six months of 2021.
The group is battling to reduce a debt pile that exceeds its market capitalisation...
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