|Bid||10.50 x 900|
|Ask||11.07 x 4000|
|Day's Range||10.41 - 10.70|
|52 Week Range||1.25 - 17.85|
|Beta (5Y Monthly)||2.44|
|PE Ratio (TTM)||10.19|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar. 14, 2019|
|1y Target Est||N/A|
South Africa's Sasol said on Wednesday its Louisiana Integrated Polyethylene joint venture (JV) with chemical company LyondellBasell Industries had been established, following closure of the deal on Dec. 1. LyondellBasell agreed in October to acquire a 50% stake in Sasol's base chemicals business at Lake Charles for $2 billion and operate the newly formed 50/50 JV, comprising the base chemicals business.
Shares of Sasol (NYSE: SSL) had surged more than 11% by 1:45 p.m. EST on Tuesday. Fueling the energy and chemical company's stock was the sale of its stake in Gemini HDPE. Sasol's North American chemicals subsidiary has agreed to sell its 50% membership interest in Gemini HPDE to INEOS, a leading global chemical producer.
South Africa's Sasol said on Friday shareholders have approved a proposed agreement to form a joint venture with chemical company LyondellBasell Industries at its U.S Lake Charles Chemicals Project in a bid to pay down its debt pile. LyondellBasell agreed last month to acquire a 50% stake of Sasol's base chemicals business at Lake Charles for $2 billion and operate the newly formed joint venture.