Sasol reveals plan to raise $2bn of capital

By Aidan Gregory
17 Mar 2020

Sasol, the South African chemicals company, has unveiled a $6bn package of measures designed to shore up its business, which has been damaged by the spread of the Covid-19 virus and the collapse in oil prices.

As part of the package, Sasol will raise up to $2bn of fresh equity from its shareholders to avoid breaching its debt covenants. It will also make $1bn of cost savings and expects to raise $2bn from asset disposals, including bringing in a partner for its US base ...

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