Enaex S.A. (SNSE:ENAEX) entered into an agreement to acquire 51% stake in Explosives and Rock Fragmentation Division from Sasol South Africa Limited on November 11, 2019. Under the terms of the transaction, Enaex will be the controlling partner of the new firm. On February 11, 2020, Competition Commission of South Africa approved the transaction. As of February 24, 2020, the transaction is expected to close on June 30, 2020. Enaex S.A. (SNSE:ENAEX) completed the acquisition of 51% stake in Explosives and Rock Fragmentation Division from Sasol South Africa Limited on July 1, 2020. The new company will operate under the name of Enaex Africa, and Enaex will take over management and operational control of the entity.