Industry News

Sasol Wax International AG streamlines its shareholding structure

Published on 2005-07-13. Author : SpecialChem

In order to simplify structure and organisation Sasol Wax International AG sold their 51% of EURO Schümann Sasol Wax GmbH - the holding company of Paramelt.

In the same transaction Sasol Wax International AG acquired 31,25% shares of Paramelt B.V./Netherlands and 100% of Sasol Wax Danmark ApS.

Sasol Wax International AG has no controlling interest in Paramelt.

Paramelt is a manufacturer of wax blends and adhesives and has production facilities in Holland, Belgium, and China.

Source: Sasol Wax

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