Tribunal prohibits Sasol’s sale of sodium cyanide business to Draslovka

France Nouvelles Nouvelles

Tribunal prohibits Sasol’s sale of sodium cyanide business to Draslovka
France Dernières Nouvelles,France Actualités

The Competition Tribunal has today issued an order prohibiting the intermediate merger involving the sale of Sasol South Africa’s sodium cyanide business to a Czech Republic-based producer of sodium cyanide, Draslovka Holding, through its local subsidiary, Draslovka South Africa.   Sodium cyanide, a chemical compound commonly used in the extraction of precious metals like gold and silver, is an important input for the gold mining firms operating in South Africa. Sasol has a monopoly position in

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