Sasol bids for two areas of Mozambique coast
Integrated energy and chemicals company Sasol (JSE:SOL) has bid for two licensing areas off the Mozambique coast, said Mozambique's National Petroleum Institute.
Fuels and petrochemicals group Sasol will sell a 10 percent stake in the company to black investors in South Africa's biggest black economic empowerment transaction to date, worth 25.9 billion rand.