Enaex acquires South African explosives business

Enaex acquires South African explosives business

M&A Africa Chile Latin America

Chilean explosives company Enaex said Wednesday that it acquired a 51% stake in the explosives division of the South African energy and chemical company Sasol for $30.8 million, expanding its reach into what it expects to be a growth market. Enaex, a subsidiary of the Chilean conglomerate Sidgo Koppers Group, said Sasol will retain the other 49% in the new Enaex Africa joint venture, according to a securities filing. The deal widens Enaex's business to Africa, which it said is the third-largest

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial