TSL sheds assets to fund Nampak acquisition

A 53 percent increase in national tobacco production to an unprecedented 352,7 million kg this year, brings optimism to the group going into the final quarter.

TSL has identified three non-performing assets for sale to raise funds towards the acquisition of a 51,43 percent equity stake in Nampak Zimbabwe.Advertisements The agro-industrial firm is looking forward to completing the US$25 million transaction from the disposal of industrial properties in Gweru and Bulawayo as well as another in Harare, commonly known as Nuffield.The…

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