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Sasol sell asset in Iran

Yesterday we saw this big announcement from Sasol titled, Sasol Disposes of its Investment in the Iranian Joint Venture Arya Sasol Polymer Company. This is great news because Sasol were trying desperately to get rid of this asset as a requirement to operate in the US according to US sanctions against Iran. This Moneyweb Article gives a good analysis and goes through the details of the announcement. Because it was a forced sale I am sure they got a terrible price for it but in the long term interests of the company, this is good news.


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