Sasol [JSE: SOL] has received offers from firms including Ineos Group for a large stake in a US chemical complex it is selling to shore up its finances, according to people familiar with the matter.

Chevron Phillips Chemical and LyondellBasell Industries are also among those moving into a second round of bidding for a slice of the Lake Charles project in Louisiana, the people said, asking not to be identified as the matter is private. The stake could fetch more than $2 billion, according to the people.

“Our expanded asset disposal process has yielded good interest by strong contenders for a number of our assets,” a spokesman for Sasol said.

Representatives for LyondellBasell and Chevron Phillips declined to comment. A representative for Ineos was not immediately available for comment.

Sasol [JSE: SOL] has received offers from firms including Ineos Group for a large stake in a US chemical complex it is selling to shore up its finances, according to people familiar with the matter.

Chevron Phillips Chemical and LyondellBasell Industries are also among those moving into a second round of bidding for a slice of the Lake Charles project in Louisiana, the people said, asking not to be identified as the matter is private. The stake could fetch more than $2 billion, according to the people.

“Our expanded asset disposal process has yielded good interest by strong contenders for a number of our assets,” a spokesman for Sasol said.

Representatives for LyondellBasell and Chevron Phillips declined to comment. A representative for Ineos was not immediately available for comment.

https://www.news24.com/fin24/companies/industrial/sasol-draws-multiple-bids-for-stake-in-us-chemical-site-20200613