Sasol to sell stake in Mozambique power plant to Azura Power

South Africa’s Sasol said on Monday it had agreed to sell its stake in a Mozambique power plant to Nigeria’s Azura Power for $145 million.

Reuters reported in June that the struggling petrochemicals producer was looking to get rid of its 49% stake in Central Termica de Ressano Garcia, Mozambique’s first permanent large-scale gas power plant, in a divestment drive.

INSIDERGOLD

Subscribe for full access to all our share and unit trust data tools, our award-winning articles, and support quality journalism in the process.

Source: moneyweb.co.za