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March 25, 2008

Sasol pushes R25.9bn BEE deal

Petrochemicals company Sasol on Tuesday announced the terms of its black economic empowerment proposal, which entails a 10 percent equity ownership worth R25.9-billion.

The company has withdrawn its cautionary announcement and says if approved by shareholders, Sasol will conclude the transaction, called Sasol Inzalo, in respect of 63.1-million shares as at 18 March 2008.

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Posted by StaffWriter at March 25, 2008 8:34 AM