DIVESTMENT BY SASOL SOUTH AFRICA LIMITED (SSA) OF A 30% EQUITY INTEREST IN THE REPUBLIC OF MOZAMBIQUE PIPELINE INVESTMENTS COMPANY (PTY) LIMITED (ROMPCO)
JOHANNESBURG, June 29, 2022 /PRNewswire/ -- On 27 June 2021, iGAS, a subsidiary of CEF SOC Limited (CEF), together with Companhia Mocambiçana de Gasoduto (CMG), a subsidiary of Empresa Nacional de Hidrocarbonetos, EP (ENH), announced that they had exercised their pre-emptive rights to acquire a
iGAS' and CMG's pre-emptive rights were exercised after Sasol announced on 14 May 2021 that SSA, a major subsidiary of Sasol, had concluded a sale and purchase agreement in terms of which SSA had agreed to sell a
Following the fulfilment of all conditions precedent, the Transaction is now complete.
The Sale Shares have been sold for a consideration comprising an initial amount of R4,1 billion, subject to certain adjustments, and a deferred payment of up to R1 billion, which is payable if certain agreed milestones are achieved by 30 June 2024.
SSA retains a
This Transaction marks the completion of the major transactions in Sasol's accelerated, strategy-aligned, asset divestment programme announced in March 2020. Sasol remains fully committed to its integrated natural gas business in Southern Africa, which is integral to Sasol's long-term strategy.
For further information, please contact:
Sasol Investor Relations,
Tiffany Sydow, Investor Relations Officer
Telephone: +27 (0) 71 673 1929
investor.relations@sasol.com
Disclaimer - Forward-looking statements
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