Hogan Lovells advises Sasol Group on the sale of 50 percent stake in Sasol-Huntsman joint venture
Led by Hamburg partner Urszula Nartowska, Hogan Lovells advised Sasol Group on the sale of Sasol's 50 percent stake in the Sasol-Huntsman maleic anhydride joint venture.
Sasol is an integrated energy and chemical group based in Sandton, South Africa. Sasol Limited is listed on the Johannesburg Stock Exchange (JSE: SOL) and the New York Stock Exchange (NYSE: SSL). Sasol employs 30,100 people worldwide and has operations in 33 countries.
Sasol-Huntsman is one of the leading suppliers of maleic anhydride (MAN) in Europe. The joint venture owns a manufacturing facility in Moers, Germany with capacity to produce 230m pounds of maleic anhydride. Huntsman and Sasol currently anticipate the closing of the transaction to occur in the fourth quarter of 2019, subject to regulatory approvals and customary closing conditions.
Hogan Lovells advised Sasol on all legal aspects of the transaction.
Hogan Lovells team for Sasol Group
Dr. Urszula Nartowska (Partner), Laszlo Molnár (Associate) (both Corporate/M&A).
Dr. Michael Dettmeier (Partner), Dr. Mathias Schönhaus (Counsel) (both Tax).
Dr. Falk Schöning (Partner), Stefan Kirwitzke (Associate) (both Antitrust).