Sasol Disposes of its Investment in the Iranian Joint Venture Arya Sasol Polymer Company ("Arya")
Sasol Disposes of its Investment in the Iranian Joint Venture Arya Sasol Polymer Company ("Arya")
AsiaNet 53984
JOHANNESBURG, Aug. 19 /PRN=KYODO JBN/ --
On 16 August 2013, Sasol Investment Company (Pty) Limited, a wholly owned
subsidiary of Sasol, entered into a definitive sale and share purchase
agreement pursuant to which Main Street 1095 (Pty) Limited, a South African
subsidiary of an Iranian investor, completed and effected the acquisition of
100% of the shares of SPI International (Pty) Limited ("SPII")("Transaction").
SPII is the indirect owner of a 50% interest in Arya.
As described in our most recent trading statement of 1 August 2013, the fair
value of Sasol's investment in Arya was written down to R2,3 billion. This was
based on our assessment of the fair value of Arya as well as the accounting
requirement to recognise operating profits of approximately R1,6 billion for
the second half of the 2013 financial year.
As a result of this Transaction, Sasol has no on-going investment in Iran.
Forward-looking statements: Sasol may, in this document, make certain
statements that are not historical facts and relate to analyses and other
information which are based on forecasts of future results and estimates of
amounts not yet determinable. These statements may also relate to our future
prospects, developments and business strategies. Examples of such
forward-looking statements include, but are not limited to, statements
regarding exchange rate fluctuations, volume growth, increases in market share,
total shareholder return and cost reductions. Words such as "believe",
"anticipate", "expect", "intend", "seek", "will", "plan", "could", "may",
"endeavour" and "project" and similar expressions are intended to identify such
forward-looking statements, but are not the exclusive means of identifying such
statements. By their very nature, forward-looking statements involve inherent
risks and uncertainties, both general and specific, and there are risks that
the predictions, forecasts, projections and other forward-looking statements
will not be achieved. If one or more of these risks materialise, or should
underlying assumptions prove incorrect, our actual results may differ
materially from those anticipated. You should understand that a number of
important factors could cause actual results to differ materially from the
plans, objectives, expectations, estimates and intentions expressed in such
forward-looking statements. These factors are discussed more fully in our most
recent annual report under the Securities Exchange Act of 1934 on Form 20-F
filed on 12 October 2012 and in other filings with the United States Securities
and Exchange Commission. The list of factors discussed therein is not
exhaustive; when relying on forward-looking statements to make investment
decisions, you should carefully consider both these factors and other
uncertainties and events. Forward-looking statements apply only as of the date
on which they are made, and we do not undertake any obligation to update or
revise any of them, whether as a result of new information, future events or
otherwise.
About Sasol:
Committed to excellence in all we do, Sasol is an international integrated
energy and chemical company that leverages the talent and expertise of our more
than 34 000 people working in 38 countries. We develop and commercialise
technologies, and build and operate world-scale facilities, to produce a range
of product streams, including liquid fuels, chemicals and electricity.
While continuing to support our home-base of South Africa, Sasol is expanding
internationally based on a unique value proposition, which links our diverse
businesses into an integrated value chain supported by top-class functions.
Issued by:
Alex Anderson, Group Media Manager
Direct telephone +27(11)441-3295; Mobile +27(0)71-600-9605;
alex.anderson@sasol.com
Jacqui O'Sullivan, GM: Group Communication
Direct telephone +27(11)441-3252; Mobile +27(0)82-883-9697;
jacqui.osullivan@sasol.com
SOURCE: Sasol
本プレスリリースは発表元が入力した原稿をそのまま掲載しております。また、プレスリリースへのお問い合わせは発表元に直接お願いいたします。
このプレスリリースには、報道機関向けの情報があります。
プレス会員登録を行うと、広報担当者の連絡先や、イベント・記者会見の情報など、報道機関だけに公開する情報が閲覧できるようになります。