Nampak Zimbabwe sale to TSL concludes

NAMPAK Zimbabwe Limited says disposal of 51.43% shareholding in the company by Nampak Southern Africa Holdings Limited has been concluded subject to various suspensive conditions such as obtaining all necessary regulatory approvals.

Shareholders have been advised to exercise caution when dealing in the Company’s securities until a full announcement is made regarding the implementation of the disposal.

TSL Limited snapped the 51.43% shareholding in a landmark transaction valued at US$25 million, marking a significant shift in the country’s packaging industry.

John Tanyanyiwa

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