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Sasol’s Asset Sale Program Advances with Bids Due for Pipeline

Source: www.gulfoilandgas.com 6/29/2020, Location: Africa

Sasol Ltd. expects binding bids within weeks for its stake in a natural gas pipeline running from Mozambique to South Africa, as the company accelerates asset sales to pay off debt. The bidding round underway for the Rompco 865-kilometer (537-mile) gas pipeline stake concludes in late July. Sasol holds a 50% share, with two remaining 25% stakes owned by the South African and Mozambican governments.

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