Sasol says it is not looking to sell its fleet of petrol stations

(iStock)
(iStock)

Sasol is not selling its downstream fuel retail business as part of its ongoing asset disposal process, the petrochemical group said on Wednesday following reports that it was looking to offload its petrol stations. 

On Tuesday it was reported that the state-owned Central Energy Fund was considering taking over Sasol garages. The fund later described the report was "malicious". 

"Although we are regularly approached by interested parties to acquire or partner with us in the retail network space, we are not in discussions with any such parties to divest or partner in our downstream fuel retail business," said Sasol's Chief Financial Officer, Paul Victor, in a statement. 

"While recent events have created significant short-term challenges, we are confident our business is fundamentally robust and we have a clear pathway to resume value creation."

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