Sasol Could Spin Off International Chemicals Unit as Early as 2028, Bloomberg Says

Dow Jones11-21

--Sasol could spin off its international chemicals unit as early as 2028, its Chief Executive Simon Baloyi said in an interview, Bloomberg reports.

--The listing date would depend on how quickly profits grow, and once earnings before interest, taxes, depreciation and amortization nears the $800 million-to-$1 billion range, he tells Bloomberg.

--Sasol's shares are down around 4% in morning trade but remain up 40% over the year-to-date.

Full story: https://shorturl.at/HiPgv

Write to Adam Whittaker at adam.whittaker@wsj.com

(END) Dow Jones Newswires

November 21, 2025 03:24 ET (08:24 GMT)

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