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Sasol to Sell One of Its Production Sites in Germany

6:32 AM MST | January 11, 2012 | Sotirios Frantzanas

Sasol Germany (Hamburg) has agreed to sell its production site at Witten, Germany, and the associated oleochemicals business to Cremer Oleo (Hamburg). Approval by the relevant German competition authorities is pending. Details about the price of the transaction have not been disclosed.      Sasol Germany is a part of the Sasol Olefins & Surfactants business and generates annual revenues of about €1 billion ($1.27 billion). The Witten production site is one of three plants that Sasol has in Germany and it produces more than 250...

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