Sasol to Pay Talisman $1.04 Billion for Stake in Canadian Shale Gas Assets

Dec. 20, 2010 06:25PM PST

Bloomberg.com reports that, for a stake in Talisman Energy Inc’s (TSE:TLM,NYSE:TLM) Canadian shale-gas assets, Sasol Ltd (NYSE:SSL) will pay C$1.05 B .

Bloomberg.com reports that, for a stake in Talisman Energy Inc’s (TSX:TLM,NYSE:TLM) Canadian shale-gas assets, Sasol Ltd (NYSE:SSL) will pay C$1.05 B .

The story is quoted as saying:

The transaction appears to be “well thought through,” Abri du Plessis, chief investment officer at Cape Town-based Gryphon Asset Management Ltd., said by phone today. “The market has been waiting for a catalyst to move the price” of Sasol.

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