Sasol and Enaex Africa agree sale of Sasol’s Nitrates business
- Sasol has signed a Sale Agreement with Enaex Africa for its Nitrates business, including ammonia conversion plants in Secunda and Sasolburg.
- Sasol will retain a 23% interest in the joint venture.
- Sasol expects the transaction to be value‑accretive to its South African portfolio and to support its portfolio optimisation strategy.
- The transaction builds on a partnership begun in 2020 and remains subject to regulatory approvals before implementation.
Deal overview
Sasol has entered into a Sale Agreement with Enaex Africa for the sale of its Nitrates business. The assets include the primary ammonia conversion plants in Secunda and Sasolburg that convert ammonia into feedstock for the fertilisers and explosives markets.
Ownership and rationale
Under the proposed transaction Sasol will retain a 23% interest in the joint venture. Sasol says the deal is expected to be value‑accretive to its South African portfolio and supports delivery of its portfolio optimisation strategy.
Partnership and transition
The transaction builds on the existing partnership between Sasol and Enaex Africa that began in 2020. The parties will work together to support a smooth transition for employees, customers, suppliers and other stakeholders.
Next steps and comments
The transaction remains subject to regulatory approvals before implementation, and the companies will provide further updates once approvals are obtained and implementation is reached. Sasol’s CEO described the deal as an important step for portfolio optimisation and emphasised employee wellbeing, business continuity and a responsible transition; Enaex Africa’s CEO said the acquisition will strengthen the value chain, enhance security of supply and improve service to customers.
Source: Sasol
