Nampak sells interest in Zimbabwe unit for $25m

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Nampak will sell its 51.43% holding in Nampak Zimbabwe to Zimbabwe Stock Exchange-listed TSL for $25m (about R438m). The sale was in accordance with its asset disposal plan, would contribute to the reduction of the group’s net debt and eliminate the associated risk and volatility of the Zimbabwean economy, Nampak said. The proceeds would be…

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