Nampak Southern Africa Holdings is still in negotiations with TSL Limited over the sale of Nampak Zimbabwe following the former’s acceptance of a binding offer.
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Nampak Southern Africa wants to dispose of a 51,43 percent shareholding in Nampak Zimbabwe for US$25 million.
“Shareholders and the investing public are urged to continue to exercise caution when dealing in the company’s securities until a full announcement is made. A further announcement will be issued once the binding transaction agreements have been executed,” Nampak Zimbabwe said in a statement this week, Monday.
TSL has until June 2025 to settle US$23 million of the total consideration, with the remaining amount to be paid over two years