RTTNews | Nov 24, 2020 01:10AM EST

01:10 Tuesday, November 24, 2020 (RTTNews.com) - Sasol said that its subsidiary Sasol Chemicals North America LLC agreed to sell its 50% membership interest in Gemini HDPE LLC to INEOS Gemini HDPE Holding company for $404 million.

Sasol noted that it will use proceeds from the transaction to repay near-term debt obligation.

Gemini produces and sells bimodal high-density polyethylene based in La Porte, Texas, United States of America.

Closing of the sale is anticipated to occur by 31 December 2020.

Read the original article on RTTNews ( https://www.rttnews.com/3148209/sasol-chemicals-to-sell-its-50-stake-in-gemini-hdpe-for-404-mln.aspx)

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