| Decision by Competition Appeal Court on Polymer Pricing Released | |
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JOHANNESBURG, June 18, 2015 /PRNewswire/ -- As reported in June 2014, Sasol Chemical Industries Limited (now Sasol South Africa (Pty) Limited) ("Sasol") decided to appeal against the decision of the Competition Tribunal ("the Tribunal") in respect of Sasol's pricing of propylene and polypropylene. The Tribunal's decision, which followed a hearing that was concluded in October 2013, found against Sasol in relation to its pricing of both products, for the period January 2004 to December 2007. The Competition Appeal Court heard the matter in December 2014 and in its ruling, released yesterday, concludes that the decision of the Tribunal is set aside and that Sasol's appeal is upheld. Sasol welcomes the Competition Appeal Court's decision, whereby the complaint of excessive pricing is dismissed. Sasol Limited Investor contact: Cavan Hill Senior Vice President - Investor Relations Email: investor.relations@sasol.com Tel: +27-11-441-3113
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Sasol Ltd.
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CODE : SSL |
ISIN : US8038663006 |
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Sasol is a oil producing company based in South africa. Sasol is listed in South Africa and in United States of America. Its market capitalisation is US$ 4.7 billions as of today (€ 4.4 billions). Its stock quote reached its highest recent level on May 31, 1996 at US$ 9.94, and its lowest recent point on March 20, 2020 at US$ 1.60. Sasol has 651 437 000 shares outstanding. |