Report: Ineos, CPChem, LyondellBasell bid to acquire stake in Sasol’s Lake Charles assets

摘要

Cash-strapped Sasol (Johannesburg, South Africa) has received ofers from companies including CPChem, LyondellBasell, and Ineos for a large stake in Sasol’s Lake Charles, Louisiana, petrochemical complex, according to a Bloomberg report citing people familiar with the matter. These companies and others are moving into a second round of bidding for a stake in the almost- completed complex, which could raise more than 29 billion South African rand ($1.68 billion) for Sasol, according to Bloomberg. In response to CW’s inquiry, Sasol says that the company does “not comment on ongoing commercially sensitive and/or M&A processes and we do not react to market speculation.” Sasol adds, however, that its expanded asset-disposal process has yielded good interest from strong contenders.