Friday, March 30, 2007

Sasol says will not sell chemicals unit

(Reuters) - South African petrochemical group Sasol does not intend to sell its chemicals unit at this stage after receiving offers that were below par and will restructure it instead, it said on Friday.

At 0920 GMT, Sasol's shares slid 3.23 percent to 240.50 rand, underperforming a 0.19 percent decline in the blue chip Top-40 index after announcing it would retain its Olefins & Surfactants (O&S) business.


Read more at Reuters Africa

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