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Sasol divests stake in Iran petrochemical JV

9:58 AM MDT | August 19, 2013 | Deepti Ramesh

Sasol (Johannesburg) says that its wholly owned Sasol Investment subsidiary, on 16 August, entered into a definitive sale and share purchase agreement pursuant to which Main Street 1095 Ltd., a South African subsidiary of an Iranian investor, completed the acquisition of 100% of the shares of SPI International (SPII).  SPII is the indirect owner of a 50% interest in Arya Sasol Polymer Co., Sasol’s joint venture in Iran with Pars Petrochemical (Assaluyeh, Iran). Sasol announced in 2011 that it is in discussions on possible divestment of its stake in...

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