Sasol is considering plans for the disposal of its Olefins and Surfactants (O&S) business excluding its co-monomers activities in South Africa. The O&S business is only partially integrated upstream into feedstocks and has not adequately provided the integration benefits which Sasol requires. Deutsche Bank has been appointed to assist Sasol in procuring offers, assessing the feasibility and attractiveness thereof and executing any potential transaction.
Sasol acquired Condea in March 2001 from German-based RWE Dea for €1,3 billion. Most of this business was subsequently hosted in Sasol O&S with production facilities mainly in the USA, Europe and South Africa. A smaller part of the business was hosted in Sasol Solvents which, together with the South African-based solvents activities, forms a global solvents business. The entire solvents business is being retained by Sasol.
02-Aug-05 
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