Shares of the South African energy and chemical company Sasol Limited (SSL) have advanced 10.30% at $25.70 in pre-market trading hours on the last check Wednesday. The stock of Sasol (SSL) gained 1.44% to complete the last trading session at $23.30. The price range of the company’s shares was between $23.09 and $24.12. It traded 0.46 million shares, which was above its daily average of 0.42 million shares over 100 days.
Sasol (SSL) shares have gained by 6.64% in the last five days, while they have added 8.27% in the last month. Further, it is currently trading at a price-to-earnings ratio of 24.05 and a price-to-book ratio of 1.35. Additionally, the price to cash flow ratio stood at 9.77. SSL stock is on the rise after news emerged that it selling some of its assets.
Which assets Sasol has been selling?
Sasol (SSL) is a producer of excellent compound items with creation offices in Brunsbüttel and Marl and central command in Hamburg. Around 1,700 workers and very nearly 100 disciples produce imaginative, practical items and foster answers for the handling business.
SSL offers a wide scope of items, including substances for the creation of cleansers and cleaning specialists, paints and coatings, beauty care products, and drug items. Likewise, specialties, for example, high-immaculateness and super high-virtue aluminas are utilized, for instance, as impetus transporters in exhaust systems for the car business, modern applications, and superior execution abrasives.
Sasol (SSL) today reported that it offers its German auxiliary Sasol Wax GmbH to AWAX s.p.a., a worldwide gathering that had practical experience in creating, delivering, and conveying wax items.
- SSL with two creation offices in Hamburg, Germany, one in the UK and one in Austria will work under the name Hywax GmbH successful 1 March 2022.
- The deal happens as a component of a bundle of measures with which SSL repositions itself.
- The portfolio is being smoothed out by focusing on center resources.
- Barred from the deal is the South African Fischer-Tropsch hard wax business.
- The exchange likewise remembers the part for Europe that is overseen by Sasol Wax GmbH.
- This business will stay with SSL.
- Establishing and offering to an essential financial backer for the organization’s European wax business will permit SSL to make one more significant key stride towards zeroing in on its center resources.
How AWAX will use SSL resources?
Sasol Wax GmbH at Sasol (SSL) has the most progressive wax hydrogenation facility on the planet. With this procurement from SSL, AWAX will become ready to additionally extend its wax item portfolio and reinforce its innovative administration in the wax market.
