SA firm divests from Botash

Changing hands: Botash is changing its technical partner after a 13-year relationship
Changing hands: Botash is changing its technical partner after a 13-year relationship

FRANCISTOWN:   South Africa's Chlor-Alkali Holdings (CAH) plans to exit its 50% shareholding in Botash, the country's sole producer of soda ash and salt, Business Week has learnt.

Owned by the Bud Group, CAH came in as a technical partner for Botash in 2009 after buying shares that De Beers, Anglo American, AECI, and various financial institutions owned. The Government of Botswana has maintained a 50% shareholding in Botash over the years.

In a statement this week, Bud Group executives did not give details on the reason behind the exit but said the move was part of a reorganisation which would also result in divestment from other affiliates and subsidiaries.

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