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Sasol Limited (JSE: SOL; NYSE: SSL): Sasol Nitro Settlement and Competition Law Compliance Review.

Publication: PR Newswire
Publication Date: 20-MAY-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
JOHANNESBURG, May 20 /PRNewswire-FirstCall/ -- The Competition Tribunal today confirmed the settlement agreement, reached between the Competition Commission of South Africa and Sasol Nitro, a division of Sasol Chemical Industries Limited, relating to its fertiliser and phosphoric acid businesses.

The confirmation of the agreement has the effect of a full and final settlement and conclusion of all proceedings between the Commission and Sasol Chemical Industries Limited relating to any alleged contraventions by Sasol Chemical Industries Limited (Sasol Nitro division) of section 4(1)(b) (prohibiting collusive conduct) of the South African Competition Act that were the subject of the Commission's investigations in respect of the Nutri-Flo matter and the phosphoric acid investigation.

The remainder of the Nutri-Flo matter and the Profert matter, which...

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