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Wednesday, 5 December 2018

AMOC in talks to increase stake in Alexandria Wax Products Co.

M&A WATCH- AMOC in talks to purchase Sasol’s stake in Alexandria Wax Products Co: The Alexandria Mineral Oils Co. (AMOC) is in talks to acquire a portion of Sasol Germany GmBH’s stake in Alexandria Wax Products Co at EGP 100 per share, according to an EGX disclosure (pdf). AMOC, which currently holds 40% of Alexandria Wax Products, is seeking a majority stake in the company, but has yet to say how much of Sasol’s 51% stake it is looking to acquire.

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