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Home » TSL sheds assets to fund Nampak acquisition
Companies & Markets

TSL sheds assets to fund Nampak acquisition

written by Prisca Tshuma, Staff Writer 0 comments
During the year, Nampak completed the disposal of Bevcan Nigeria, the I&CS businesses, and Kenyan assets.
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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. 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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