• Busting Uber myths

    The ehailing firm is constantly trying, succeeding - and sometimes failing, says Ian Mann.

  • Trapped in a democracy

    The very people elected to bring benefits to all are undermining SA, says Solly Moeng.

  • Marikana spectre

    Five years after the bloody massacre calls for justice are growing louder, says Terry Bell.

Loading...

Sasol/Merisol merger gets thumbs up

Dec 19 2012 19:07
I-Net Bridge
Johannesburg – The Competition Tribunal has approved a proposed merger between Sasol Holdings USA and Merisol Merichem Company.

Sasol USA is ultimately controlled by South African synthetic fuels group Sasol [JSE:SOL] which is listed on the Johannesburg Stock Exchange and the New York Stock Exchange.

In this transaction Merisol Merichem Company is selling various interests it has in the Merisol joint venture to Sasol USA. The Merisol joint venture is currently jointly controlled by Sasol and Merisol Merichem Company. After the merger the Merisol joint venture will become a wholly owned subsidiary of Sasol.

Sasol is an energy and chemicals group of companies which add value to coal‚ oil and gas reserves using feedstocks to make liquid fuel‚ fuel components and chemicals through Sasol’s unique proprietary technologies. The Merisol joint venture manufactures‚ markets and sells phenolic products. These are organic compounds used as input materials in a wide range of chemical intermediates and finished products including resins‚ wire enamel solvents and antioxidants.

The Competition Commission considered the merger and concluded that it was unlikely to cause a significant lessening of competition. It therefore recommended that the Tribunal approve the transaction without conditions.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

sasol

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Comments have been closed for this article.
 

Company Snapshot

We're Talking About...

Savings Month

It's never too late to start saving. Visit our special issue and add your voice.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The proposal to nationalise SARB will

Previous results · Suggest a vote

Loading...