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Sasol to sell its Gemini stake for $404m to its US partner – Business Day

Sasol to sell its Gemini stake for $404m to its US partner – Business Day

Chemicals and energy group Sasol has agreed to sell its 50% stake in US-based polythene business Gemini for $404m (R6.2bn), the latest disposal as the group seeks to cut debt and avoid tapping shareholders. Article by Karl Gernetzky and Lisa Steyn with commentary from Abdul Davids – portfolio manager at Kagiso Asset Management.
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