Sasol Wax sells its stake in Paramelt
Sasol Wax International AG is the 100% owner of Sasol Wax GmbH in Hamburg, Germany. Because it will increasingly engage in similar industries to Paramelt, it decided to sell its stake in the company to avoid any future conflicts of interest. The sale was effective from 10 July 2007.
"The sale of our interest in Paramelt opens the way for Sasol Wax to trade without restrictions in the field of wax blends and to grow our market share, "says Dr Reiner Groh, group general manager of Sasol Chemical Businesses.
Other news from the department business & finance
Get the chemical industry in your inbox
From now on, don't miss a thing: Our newsletter for the chemical industry, analytics, lab technology and process engineering brings you up to date every Tuesday and Thursday. The latest industry news, product highlights and innovations - compact and easy to understand in your inbox. Researched by us so you don't have to.