AMALGAMATED Regional Trading Holdings (Art) says the successful completion and settlement of Nampak’s shareholding in Softex, as well as upgrades in Chloride, will create liquidity “headroom” to enable the group to complete the capitalisation of its paper business.
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The diversified group said the acquisition was necessitated by the need to streamline the decision-making process at Softex by eliminating the need to align the interests of two separate shareholders.
Art acquired a 50 percent stake of Softex Tissue Products from Nampak Zimbabwe for a total consideration of US$800 000, leaving Art as the sole shareholder of th
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