Sasol agrees to sell part of Lake Charles for $2bn – Business Day

Sasol agrees to sell part of Lake Charles for $2bn – Business Day

Chemicals and energy group Sasol has entered into a $2bn (R33bn) agreement to sell part of its Lake Charles business to multinational chemicals group LyondellBasell.

The deal will help cut net debt before lease liabilities to about $8bn from $10bn, Sasol said, with the group still considering a $2bn rights issue in the first six months of 2021.

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