Iran Economy NewsSouth Africa's Sasol disposes of Iranian unit

South Africa’s Sasol disposes of Iranian unit

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Reuters: South African petrochemicals group Sasol said on Monday it had disposed of its Iranian joint-venture Arya Sasol Polymer for an undisclosed sum. The company has said the value of Sasol’s investment in Arya was written down to 2.3 billion rand, according to an August 1 trading statement.
JOHANNESBURG (Reuters) – South African petrochemicals group Sasol said on Monday it had disposed of its Iranian joint-venture Arya Sasol Polymer for an undisclosed sum.

Sasol said in a statement this meant it no longer had any “on-going investment in Iran.” The company has said the value of Sasol’s investment in Arya was written down to 2.3 billion rand, according to an August 1 trading statement.

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