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Home » TSL, Nampak deal collapses
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TSL, Nampak deal collapses

written by Kudzanai Gerede, Companies and Market Editor 0 comments
The collapse of the deal is a major setback for Nampak Southern Africa Holdings, which has been bent on shedding some of its regional operations to reduce debt and concentrate on its core market, South Africa.
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TSL has announced the termination of its planned acquisition of a 51,43 percent stake in Nampak Zimbabwe (Nampak) despite having secured approval of the transaction from the Competition and Tariff Commission.In a public notice issued this week, TSL, however, did not disclose reasons for withdrawing from the deal.TSL last year made an offer to acquire…

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